Reinsurance
Colorado State Team Predicts Near-Normal Hurricane Season
The Atlantic should produce a near-normal 12 storms during the six-month hurricane season that officially begins June 1, while the U.S. coastline has a below-average chance of being struck by a major ...
Reinsurance Rates Still Falling—But Less at June 1: JLT Re
Property-catastrophe reinsurance rate declines are continuing to taper off from the double-digit average drops that were recorded two years ago, JLT Re reported in a report yesterday. JLT Re's ...
Munich Re Restructuring Primary Insurance Unit; Cutting Jobs in Digital Push
Munich Re, the world's second-biggest reinsurer, plans to spend 1 billion euros ($1.1 billion) by 2020 restructuring operations at its loss-making primary insurance unit in Germany. The plan for ...
Will Hurricanes Drive Property Insurance Rate Hikes? Experts Forecasting Changes
With two of three groups of expert hurricane researchers split on whether the 2016 Atlantic hurricane season will be above average or normal, a tie-breaking vote could come on Tuesday. But even a ...
What NOAA is Forecasting for Atlantic Hurricanes; Late Season La Niña Likely
Forecasters at NOAA's Climate Prediction Center say the 2016 Atlantic hurricane season, which runs from June 1 through Nov. 30, will most likely be near-normal, but they also say this season is ...
Munich Re Links with Drone Company to Quicken Catastrophe Insurance Assessments
Munich Re teamed with a drone company to help perform quicker and more detailed post-catastrophe insurance assessments around the world. The reinsurer's new partner: PrecisionHawk, a private company ...
Hurricane Making Landfall Would be a First for Many Florida Insurers
Should a hurricane make landfall in Florida this storm season, many of the homeowner insurance players now doing business there are untested as to how they'll perform when catastrophe hits. Fitch ...
American Family Signs Derek Jeter, The General Grabs Shaq as Brand Spokesmen
NBA Hall-of-Famer Shaquille O'Neal and Derek Jeter, the retired New York Yankees shortstop and 14-time All-Star, future Hall of Famer are the latest legendary sports figures to become spokespersons ...