Commercial Lines
Swiss Re: Food Contamination Liability Costs are Surging
Liability costs involving food contamination are soaring, and a globalized supply chain has made risk management much more challenging, Swiss Re found in a new report. Among the findings: the number ...
Why Pacific Typhoons and Other Tropical Storms Are Surging
The Pacific Ocean, named for placidity, is roaring. In the past week, eight tropical systems -- and that includes two major typhoons -- have formed across the Pacific from China to Mexico. On top of ...
Iran Accord Would End Sanctions on Reinsurance and Other Industries
Iran and world powers reached a historic accord designed to prevent the Islamic Republic from developing nuclear weapons in return for ending sanctions that have crippled the nation's economy and ...
Everest Re Brings on Swiss Re Exec to Help Build U.S. Business
Everest Re Group Ltd. hired Dane Lopes as head of sales and distribution for U.S.insurance operations as disruption in the industry pushes established firms to solidify relationships with clients and ...
Ahead of Merger Vote, PartnerRe & AXIS Release Preliminary Q2 Numbers
PartnerRe and AXIS Capital Holdings Ltd. won't be holding their merger shareholder vote until August 7. In the meanwhile, they've released preliminary 2015 second-quarter results, underscoring the ...
AIR Worldwide Unveils Winter Storm, Tropical Cyclone Models for Canada
Catastrophe risk modeler AIR Worldwide has expanded its suite of models for Canada with the release of Winter Storm and Tropical Cyclone models. In addition, comprehensive updates have been made to ...
Munich Re: Global Insured Cat Losses in H1 Land Below Long-Term Average
Overall losses and insured losses from natural catastrophes during the first half of 2015 were below long-term average values, according to a review of global natural catastrophes issued by Munich ...
Farmers Reports Steep Price Tag For Late June Storm Damage Claims
Farmers Insurance said it expects to receive nearly 7,000 claims from hail, strong wind and other severe weather events that hit 14 states in late June. The price tag won't be cheap. Farmers said it ...