Reinsurance
California Drought to Continue Through Summer
California doesn't have much chance for rain in the next five months, and its best opportunity to break the drought there may hinge on the emergence of an El Niño in the Pacific Ocean this year, ...
Schmidt Joins Argo as Group CUO
Argo Group International Holdings Ltd., an international underwriter of specialty insurance and reinsurance products, has appointed Axel Schmidt as group chief underwriting officer. He will succeed ...
Bank of America Cleared For Concealing $10B AIG Fraud Lawsuit
A federal appeals court said Bank of America Corp was not liable to shareholders for allegedly concealing a $10 billion fraud lawsuit by American International Group Inc, whose filing led to a ...
Long Wildfire Season Ahead; Weary Crews Prepare
Firefighters scoured charred hillsides north of San Diego on Saturday to guard against a resurgence of flames that ripped through the region, while the last of tens of thousands of evacuees prepared ...
How Technology Is Quietly Revolutionizing Insurance Distribution: Swiss Re Report
Technology is changing the way insurers and consumers interact and giving insurers access to considerable data so they can better understand their customers, says Swiss Re in its latest sigma study. ...
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 ...
RAND Study Backing TRIA Among Latest Additions to Continuing Renewal Debate
More than seven months before the Terrorism Risk Insurance Act is set to expire yet again, the lobbying push to renew it or let the post-9/11 law lapse is accelerating, with no consensus yet in ...