Claims & Reserving
BP Wants UK Prime Minister to Intervene on Gulf Spill Claims: BBC
British oil company BP wants Prime Minister David Cameron to intervene with the U.S. government over the escalating cost of compensating U.S. companies for the Gulf of Mexico oil disaster in 2010, ...Business Frets At Terrorism Tag Of Marathon Attack
President Barack Obama's declaration that the Boston Marathon bombings were an act of terrorism could make it difficult for many affected businesses to be reimbursed for losses resulting from the ...
The Imperfect Science of Predicting Floods
Perched in a boat drifting slowly along the Red River, Dan Thomas kept one eye on a laptop and the other on a $60,000 piece of floating hardware that beamed sound waves deep into the flooding river. ...
Claims Down, Premiums Up for Reinsurers
Low damage claims and rising premiums helped to shield earnings at German reinsurers Munich Re and Hannover Re in the first quarter, as the sector battles to shore up profits amid record low interest ...
Page from Original Titanic Insurance Policy Sells at Auction for $25K
The original ledger page of the insurance policy for the Titanic issued by the Atlantic Mutual Insurance Co. was sold at a New York auction for $25,000. The insurance policy, number 391550, was ...
Bird Flu Worries Rise with Budget Cuts
The World Health Organization's ability to police the new strain of bird flu that has killed 27 people in China is being jeopardized by budget cuts, according to a top U.S. official. "One of the ...
Texas Fertilizer Plant That Blew Up Had Only $1M Policy
The Texas fertilizer plant that exploded last month, killing 14 people, injuring more than 200 others and causing tens of millions of dollars in damage to the surrounding area had only $1 million in ...
Excess Testing, Not Medical Malpractice Payouts, Driving Up Health Costs: Study
Efforts to lower health care costs in the United States have focused at times on demands to reform the medical malpractice system, with some researchers asserting that large, headline-grabbing and ...