Reinsurance
Executives On The Move at Swiss Re and AXIS Reinsurance
Swiss Re is turning to a veteran Allianz executive for the new leader of its Corporate Solutions arm. An MS Amlin executive will join AXIS Reinsurance to lead its property reinsurance business at ...
P/C Insurers See Trump Tariffs Spiking Costs for Auto and Home Coverage
As U.S. President Donald Trump's administration continues to slap tariffs onto all kinds of consumer products, property/casualty insurers are increasingly concerned how some of these actions will ...
Give Your Employees Compassion, and Their Best Work Will Come
Want the best results out of your employees? Then be nice to them. New research from Binghamton University, State University at New York finds that showing compassion to employees almost always pays ...
Florence Fallout: Duke Energy Ash Basin Overflows, Spilling Coal Byproduct Into River
Floodwaters have overwhelmed an ash basin at a Duke Energy Corp. power plant in North Carolina, spilling a byproduct of burning coal into the Cape Fear River. The company said coal ash at the site ...
Lloyd’s Returns to a Profit in H1, But Investment Income Drives Down Pre-Tax Profits
Lloyd's reported a return to profits during the first half, in a welcome recovery after its big losses of 2017. Pre-tax profits during the half were £600 million ($793.1 million), compared to £1.2 ...
Problems With National Flood Insurance Program Laid Bare by Hurricane Florence
When Hurricane Florence reached Belhaven, North Carolina, last weekend, the flooding that followed was unlike anything Ricky Credle, the mayor of the tiny coastal town had ever experienced. "I've ...
NFIP, Private Flood Insurance Carriers, Auto Writers Will Handle Brunt of Florence Losses
The National Flood Insurance Program, private flood insurance carriers and auto insurance writers will likely deal with the bulk of insured losses from Hurricane Florence, Fitch Ratings said in a new ...
State Farm to Use Drones for Assessing Hurricane Florence Damage
Drones will be allowed to fly long distances and over populated areas across four states to assess damage from Hurricane Florence, after U.S. aviation regulators granted the first such approvals to ...