Commercial Lines
Travelers, Allstate Blame March Texas Storms for Catastrophe Loss Surge
Property and casualty insurer Travelers Cos Inc reported a lower-than-expected quarterly profit as catastrophe losses nearly doubled, mainly due to hail storms in Texas in March. Travelers said on ...
XL Catlin Attracts Former Zurich Exec to New Leadership Role
XL Catlin hired a former high-level Zurich Insurance executive to fill a new role at the company. Dan Riordan will be president, Global Political Risk & Trade Credit. Most recently, he was CEO of ...
Japan Kumamoto Quakes Caused Billions of Dollars in Economic and Insured Losses
The estimates are early, but economic and insurance losses stemming from the earthquakes that struck Japan on April 14-15 are already in the billions of dollars and rising. Catastrophe modeling firm ...
Time to Go Virtual? Optimizing Property Inspection Programs With Digital Imagery
Before underwriting a new policy or renewing existing policies, carriers want to understand the risk associated with the property. Has the property been properly maintained or are there significant ...
Insurers Could Gain from Learning More About ‘Cat Bond Lite’
"Cat bond lite" transactions are enjoying a big growth spurt, and a new industry report said insurers and reinsurers stand to gain by becoming more familiar with how they work. "The rapid growth in ...
Willis, Aon and Verisk Agree: Q1 Cat Bonds Hit Record Issuance
There's more evidence that catastrophe bond issuance hit record territory again during Q1. This time, Aon Securities and a division of Willis Towers Watson are making the call, after a Verisk arm did ...
Houston Floods Kill at Least 8 and Destroys Hundreds of Homes; More Rain Likely
At least eight people have died and some 1,150 homes have been damaged in flooding triggered by torrential downpours in the Houston area this week, officials said on Wednesday, as forecasts called ...
VW Stock Surges as Investors Expect U.S. Emissions Settlement
Volkswagen AG rose to a six-week high after the manufacturer said it expects no need for a U.S. trial in mid-2016 over damages related to rigging diesel-engine control software to dupe emission ...