Reinsurance
Cyclone Niklas European Insured Losses Could Hit $2B: AIR Worldwide
When Cyclone Niklas slammed into parts of Europe at the end of March, it turns out the insured losses the storm caused were substantial. AIR Worldwide estimates the final tally will range between ...
USAA Follows State Farm With Commercial Drone Test Plans
USAA plans to start testing drones as a tool to help speed review of insurance claims after natural disasters. The insurer announced on April 6 that it obtained Federal Aviation Administration ...
A.M. Best: Solid 2014 Reinsurance Results Won’t Continue
Two new reports from A.M. Best and the Association of Bermuda Insurers and Reinsurers point to relatively strong reinsurance underwriting results in 2014, but there's a catch. Much of the improvement ...
Is Wind Turbine Noise Causing Health Problems? Researchers Begin Study
Wind turbines provide clean, abundant energy and bolster America's power grid. But across the world people are banding together to fight wind farms, blaming noise for interrupted sleep and a host of ...
Self-Flying Drones May Increase Risks: Lawyer
Drone liability cases aren't likely to be the next big litigation trend for plaintiffs' attorneys, but there may be more risks on the horizon when drones start taking off without pilots at the ...
Reinsurers Rush to Alter Strategy as Rates Fall: Willis Re
Reinsurers are rushing to implement major changes to their strategies and altering business models as rates continue to decline, broker Willis Re said. Reinsurance catastrophe prices for property in ...
Executives On The Move at AIG, Willis, QBE and More
AIG, Willis, QBE and Westfield Insurance all recently made some executive promotions and appointments. *** American International Group appointed veteran Mercer executive Gaurav Garg as CEO, Personal ...
W. R. Berkley Combines U.S. Broker Reinsurance Units
W. R. Berkley Corp. announced Monday that it has combined its U.S. broker reinsurance units, Berkley Re America and Facultative ReSources, into a single operating unit that will trade under the ...