Claims & Reserving
Insurers in Chile Should be Able to Handle Quake Claims: Fitch Ratings
Chile continues to assess the damage of an 8.3 magnitude earthquake that killed more than 10 people on Sept. 17 and led to the evacuation of over 1 million people around the coast, according to media ...
California Wildfires Could Produce Record Insured Losses: Munich Re America
Two major Northern California wildfires destroyed more than 1,000 structures as of early morning on Sept. 16, and Munich Re America said the ongoing crisis could eventually cause historic levels of ...
California Wildfires Damage 5 Calpine-Owned Power Plants
A California wildfire damaged five power plants at Calpine Corp.'s Geysers geothermal complex in Lake and Sonoma Counties. The so-called Valley Fire burned local power distribution lines, cooling ...
Swiss Re CFO Predicts Some Will View Outsider Reinsurance Takeovers as ‘Adventuresome’
Some takeovers in the reinsurance industry by investors from outside the sector may ultimately be viewed as "adventuresome," the chief financial officer of reinsurer Swiss Re said. The reinsurance ...
Underinsurance of Property Risks is Growing Globally: Swiss Re Report
The underinsurance of property risk – particularly natural catastrophe risks – has risen steadily over the past 40 years, even though claims payments have increased significantly during that ...
New Product Alert: XL Catlin, Aon Benfield, AIR Worldwide and More
XL Catlin recently unveiled new commercial crime insurance for the U.S. market. The policy is available on a primary, excess and quota share basis with policy limits up to $25 million. It includes ...
Chemical Giant DuPont Readies for 1st Trial Over Tainted Drinking Water
Chemical giant DuPont Monday will face the first trial in litigation from residents near one of its plants in West Virginia who have accused the company of sickening them by emitting a toxic chemical ...
Thoughts on Cleaning Up the Claims Department
It would be an understatement to say that the insurance industry has a few problems involving consumer loyalty, and claims issues certainly don't help. A recent Accenture Report found that 14 percent ...