Claims & Reserving
Insurers Increasingly Worry About Political Risk Coverage
Evan Freely has been insuring global risks for years—through the 2008 market meltdown, the 2002 crisis in Argentina, and the 1993 downturn in Venezuela. Yet turmoil now seems to be coming at a more ...
Cyclone Debbie Cost P/C Insurers $1.3B, Swiss Re $350M
Cyclone Debbie cost Swiss Re an estimated $350 million and the insurance industry roughly $1.3 billion, the world's second-biggest reinsurer said on Thursday, an unusually high loss that could see ...
A Surge in Dog Bite Claims Stems Partially From Larger Settlements
Fido's getting more aggressive. Insurance claims for dog bites jumped 18 percent to 18,123 last year in the U.S., according to an industry group. The average attack cost $33,230, a decline from 2015, ...
Insurance Industry Claims Staff Benefit From Good Business Writing Skills
Insurers focused on improving customer service through new technology shouldn't forget that good writing skills can also impact a company's bottom line. Offering business writing education to new ...
New AIG Cybersecurity Product to Help Protect Wealthy Clients Against Personal Data Theft
American International Group is joining insurers offering products that offer consumers safeguards against hackers and cyber criminals who might steal personal data. The U.S. insurer plans to roll ...
Insurers’ Use of Cell Tower Data to Deny Claims Challenged in Court
It took Jaclyn Bentley nearly three years to prove she didn't burn her house down for the insurance money, allegations she and her lawyer say were born of the junk practice of analyzing cellphone ...
Fraud Probe Proceeds Concerning Exxon’s Disclosure of Climate Change Financial Risks
Exxon Mobil Corp.'s attempt to derail a multistate fraud probe into whether the company fully disclosed to investors the financial risks of climate change was dealt a major blow after a Texas judge ...
Cyclone Debbie Causes Australia Mass Evacuations, Mine Closures, Catastrophe Declaration
A powerful cyclone tore into Australia's northeastern coast on Tuesday, forcing thousands of people to flee, shuttering coal to gold mines and prompting insurers to declare a catastrophe. Cyclone ...