Personal Lines
Hurricane Gonzalo Insured Loss Estimates Coming In
No question about it: Hurricane Gonzalo did some big-time damage when it hit Bermuda on Oct. 17. Two catastrophe-modeling firms are already estimating that insured losses will be substantial. EQECAT ...
Average Claims Experience Not Enough to Retain Customers: Accenture
Although a large majority (86 percent) of home and auto insurance customers who have submitted a claim in the past two years are satisfied with how it was handled, 41 percent of those who have ...
P/C Insurers’ Reserve Redundancy to Continue: Moody’s
U.S. property/casualty insurers' reserves will remain moderately redundant through the end of the year, Moody's Investors Service has reported. "We expect moderately redundant reserves based on ...
Travelers CEO Fishman: Q3 Results ‘Just Terrific’
At the start of The Travelers Cos. 2014 third quarter investor call, Chairman and CEO Jay Fishman virtually gushed about the numbers he and his team were about to discuss. "As I am sure you read, the ...
FBI Cautions Foreign Govt. Agents May Have Carried Out Cyber-Attacks
Cyber-attacks on JPMorgan Chase & Co. and 13 other financial companies may have been carried out by hackers from a foreign government moonlighting as criminals, a senior Federal Bureau of ...
Insurers Face Hefty Price Tag in India from Cyclone Hudhud’s Wrath
Cyclone Hudhud, which hit India's east coast last week, probably cost insurers $100 million to $400 million, modeling firm AIR Worldwide said. The storm damaged transportation infrastructure, power ...
Munich Re, Hannover Re Expect Stability in 2015, at Least in Germany
Germany's Munich Re and Hannover Re expect stable reinsurance prices in their home market next year, cushioning the blow from a slide in prices on world markets. Munich and Hannover, the world's ...
XL Group Boosts Cyber and Technology Underwriting Capacity
XL Group has become the latest insurer to add capacity to its cyber and technology coverage expertise, as data breaches continue to increase and the market rushes to respond in kind. XL Group's ...