Claims & Reserving
Scientists Disagree About 2016 Atlantic Hurricane Predictions
This summer and fall, the Atlantic Ocean might become a testing ground for competing scientific theories. After decades of warmth, there's evidence that the ocean is cooling, a change that could mean ...
Colin Moves to East Coast as Pacific Tropical Storm Depression Gains Strength
Tropical Storm Colin moved out to sea early Tuesday after knocking out power to thousands, prompting Florida Governor Rick Scott to declare a state of emergency. The threat of a storm surge flooding ...
French Insurers Assess Damage from Record Floods
Insurance executives meet with government officials in Paris Monday to assess the cost of flooding in the Centre and Ile-de-France regions as the Seine river recedes from its highest levels in more ...
XL Group CEO McGavick Urges Caution Toward Fossil Fuel Divestment Pressures
XL Group CEO Mike McGavick is standing firm against the push for insurers to divest from fossil fuel. He's urging caution, even as those efforts continue. "I hope we're really thoughtful about the ...
BP Will Settle $175M in Oil Spill-Related Shareholder Claims
BP Plc agreed on Thursday to pay $175 million to shareholders who brought a class-action lawsuit that accused the oil company of misleading them by understating the severity of the 2010 oil spill in ...
Munich Re Links with Drone Company to Quicken Catastrophe Insurance Assessments
Munich Re teamed with a drone company to help perform quicker and more detailed post-catastrophe insurance assessments around the world. The reinsurer's new partner: PrecisionHawk, a private company ...
Navigators, Chubb’s Illinois Union Accuse Surgical Robot Maker of Hiding Claims
It's health insurers' cardinal rule: disclose pre-existing conditions. Now comes a case in which that familiar decree involves not a patient, but rather a $1.5 million surgical robot known as the da ...
Allstate Unveils Coverage for Homesharing Homeowners
In a move to serve customers who rent out their homes on a temporary basis, Allstate has filed plans to offer home-sharing protection in six states — Arizona, Colorado, Illinois, Michigan, ...