Markets
Property Events Create Emerging Risks for Casualty Insurers
When we think of large insured losses arising from natural or manmade disasters, we see images from hurricane or earthquake devastation. First-party property damage and business interruption losses ...
Florida Cat Fund Has $13B as Hurricane Season Starts
Florida is entering a new hurricane season with continued good news. The state-created fund that backs up private insurers in Florida has billions in the bank and appears capable of withstanding a ...
Insured Disaster Losses Higher in Oklahoma Than in Any Other State in 2013
May 20, 2014, marks the one-year anniversary of the deadly tornado outbreak in Moore, Oklahoma, which contributed to the state's designation as the site of the costliest U.S. natural disasters in ...
United Insurance Seeks Better Spread in Florida by Acquiring Sunshine State Insurance
United Insurance Holdings Corp. (UPC) announced Thursday that the company has entered into a non-binding letter of intent to acquire 100 percent of Sunshine State Insurance Company (SSIC), a Florida ...
Packer Now Torus CEO as O’Donohoe Steps Down
With the acquisition of Torus Insurance Holdings Limited having been completed on April 1, acquirers Enstar Group Limited and Stone Point Capital LLC joined Torus in announcing senior management ...
Has Online Shopping for Auto Insurance Peaked?
Shopping over the internet for auto insurance is down for the second year in a row, says a survey by a company that tracks the behavior of consumers with credit history. The latest TransUnion Auto ...
Zurich Insurance’s New CFO Makes His Formal Debut, Touting Solid Q1 Results
New Zurich Insurance Group CFO George Quinn is only in his first full month on the job, but he confidently touted a solid 2014 first quarter performance in a pre-filmed video for analysts and the ...
Africa Experiments With Sovereign Risk Pool Insurance Scheme
In the 1980s images of skeletal Ethiopian babies and their parents, dying from hunger during a devastating famine, helped galvanize global humanitarian and financial aid to drought-ravaged African ...