Claims & Reserving
Rain and Floods Shaped Allstate’s May Catastrophe Losses
Allstate said it handled estimated pre-tax catastrophe losses for May that reached $178 million, the bulk of which came from four severe weather events. The number actually hit $180 million, pre-tax ...
New Survey Highlights Opportunities for Improving Property Claims Vendor Usage
A new survey highlights opportunities for North American property/casualty insurers to better utilize third-party services when adjusting property claims. Commissioned by BrightClaim, a national ...
Lawmakers Urge U.S. Retaliation For Massive Hacking of Worker Data
The Obama administration should retaliate for a cyber-attack on federal employee records that was the worst breach the U.S. government has ever suffered, members of Congress said on Sunday. "There ...
CNA’s 5 Ways to Strengthen Cyber Risk Management
A new CNA blog item offers a number of tips for businesses to strengthen their management of cyber risks. Written by CNA's David Hallstrom, director of Information Risk Insurance, the write-up ...
Texas Floods Left 10,000 Damaged Vehicles At Risk For Fraudulent Sale
As many as 10,000 vehicles may have been damaged in last month's catastrophic Texas floods, and some could be resold out of state to unsuspecting buyers, according to a group that works to prevent ...
U.S. Storms Caused $1B in May Insurance Claims: Impact Forecasting
A number of severe thunderstorms and flooding in the U.S. in May produced more than $1 billion in insurance claims and over $3 billion in economic losses, Aon Benfield's Impact Forecasting said in a ...
Emotional Amtrak CEO Pledges to Implement Track Safety Tech
An emotional Amtrak CEO pledged to lawmakers Tuesday that safety technology that could have prevented a deadly derailment last month in Philadelphia will be put into operation, while Democrats and ...
AIG Reels in $3.7B From Expanded AerCap Public Offering
American International Group Inc., the largest commercial insurer in the U.S. and Canada, raised $3.7 billion in cash by selling AerCap Holdings NV stock in a larger- than-planned transaction. AIG ...