Claims & Reserving
Two Business Groups Urge Govt. Agency to Probe Medical Funding Industry
Two business lobbying groups this week called on the Consumer Financial Protection Bureau to investigate the medical funding industry after a Reuters investigation revealed that private investors are ...
A Strengthened Tropical Storm Erika Heads Toward Florida
Tropical storm warnings were in effect on Wednesday for Puerto Rico and the Virgin Islands as Erika, the fifth named storm of the Atlantic hurricane season, closed in on the Eastern Caribbean and ...
Uber Lobbies Heavily To Reshape Driver Regulations in California
Uber has spent more on lobbyists in California than Facebook and Apple combined to fend off regulations aimed at the heart of its worldwide business model. The San Francisco company's lobbyists are ...
Hurricane Katrina Led to Big Improvements in Coastal Building Codes
When Hurricane Katrina made landfall 10 years ago, it caused a whopping $41 billion in insured losses and more than $151 billion in overall economic losses. The storm left massive damages in coastal ...
P/C Insurers Vary Widely in Catastrophe Claims Staff Compensation
Property/casualty insurers vary widely in their approach to compensating claims staff and managers as they respond to catastrophes, according to a new study from Verisk Analytics' Property Claims ...
Fitch: China Insurers Will Face Bulk of Insured Losses From Explosion
China's homegrown insurers will likely face the bulk of the financial losses from massive explosions at a chemical storage site in Tianjin earlier this month. What's more, the claims could hurt, ...
U.S. Crop-Insurance Claims Soar After Adverse Weather Curtails Planting
Insurance claims filed by U.S. farmers for crops they couldn't plant have jumped 48 percent this year, government data show, the latest indication of how adverse weather is curbing production of corn ...
Allianz Sees Limited Losses From China Explosion; Other Insurers Still Assessing
Allianz SE, Europe's biggest insurance company, said it doesn't expect "major" financial losses from explosions at a chemical storage site in China, as the death toll from the disaster increased. ...