Claims & Reserving
Insurers Face $4.7B Bill for Summer Hail Storms in France, Germany
Insurers nursing hefty losses from severe spring floods in Europe face paying out a similar amount again after areas of Germany and France were repeatedly pounded by grapefruit-sized hail stones over ...Preview: BP Battles for Billions in New Gulf Trial Phase
BP will battle to hold down fines that could hit $18 billion in a new phase of the Gulf of Mexico trial that will rule on how much oil it spilled in 2010 and judge its efforts to plug its well. ...
Insurers’ Private Wildfire Crews Offer Wealthy Homeowners Extra Protection
Bill Potter wasn't eager to abandon his high-end house last month during evacuations forced by a massive Idaho wildfire, but he felt reassured when his insurance company sent a team to protect his ...
Forecasters Humbled, Insurers Relieved by Quiet Atlantic Hurricane Season
The 2013 Atlantic hurricane season is humbling forecasters by shaping up as the first in almost two decades without a major storm, confounding predictions that it would be more active than normal. ...Industries Look to UN Report for Guidance on Climate Risks
Companies increasingly factor extreme weather into their strategic planning and a report from the United Nations due on Friday is expected to underscore the heightened risks they face. Extreme ...
Lloyd’s Profit Dips Due to Investment Slump
The Lloyd's of London insurance market posted a decline in headline first-half profit after falling bond prices hit investment returns, offsetting robust trading by its members. In a trading ...
Insurers Offer Discounts for High Net Worth Client Inventory, Appraisal Service
A high tech start-up is promising to give property/casualty insurance companies and brokers access to real-time data on their upscale insureds' property and possessions, making it easier for the ...Milliman Releases Arius 2.0 Loss Reserving System
As presented at the Casualty Loss Reserve Seminar in Boston, global consulting and actuarial firm Milliman Inc. announced last week that it has released version 2.0 of Arius, its loss reserving ...