Claims & Reserving
Insurers Will Pay Unprecedented $135B in Natural Catastrophe Claims for 2017: Munich Re
Insurers will have to pay claims of around $135 billion for 2017, the most ever, following a spate of hurricanes, earthquakes and fires in North America, according to a report published on Thursday. ...
15 Nasty Weather Events Through October 2017 Cost $1B or More Apiece
In the year that President Donald Trump pulled out of the Paris accord and downplayed global warming as a security threat, the U.S. received a harsh reminder of the perils of the rise in the planet's ...
QBE Settles Australia Class Action Suit Over Profit Warning for $103.2M
QBE Insurance Group Ltd. has agreed to pay $103.2 million to settle a shareholder class action in Australia. The class action was commenced by Money Max Interest Pty Ltd on Sept. 9, 2015 in the ...
Amtrak Crash Leads to Questioning of Trump’s U.S. Rail Safety Plan
As investigators sift through the wreckage of this week's Amtrak train crash in Washington state, critics have begun questioning President Donald Trump's recent efforts to roll back or delay ...
Deadly Amtrak Crash at 50 MPH Over Limit Rekindles Safety Debate
The deadly Amtrak crash in Washington state marked the railroad's third fatal accident in as many years, putting the passenger rail operator under fresh scrutiny less than a month after safety ...
Holiday Disruption: 400 Delta Flights Scrapped in Second Day of Atlanta Cancellations
Delta Air Lines Inc. and other carriers worked to get thousands of stranded passengers onto planes after a major electrical disruption in Atlanta crippled service at the world's busiest hub, ...
Cyber Attack Sponsored by Nation-State Halts Plant Operations
Hackers likely working for a nation-state recently invaded the safety system of a critical infrastructure facility in a watershed attack that halted plant operations, according to cyber investigators ...
La Nina Will Likely Be Here Through Entire Winter
Looks like a potentially market-roiling La Nina will last through the new year, threatening to bring a colder, snowier winter to the northern U.S., drought to Latin America's soybean-growing regions ...