Reinsurance
Carriers Pass A.M. Best Terror Stress Test; Plans Include Not Writing Cover
Insurers that faced negative rating actions from A.M. Best for failing a terror risk stress test last year were able to convince the rating agency they could survive without a government backstop, an ...
P/C Executive Views: Data Security Strategies and Cyber Insurance Sales
As cyber attackers continue to menace businesses in all industry sectors, property/casualty insurers are working to provide network security and privacy coverage. But how are the insurers managing ...
P/C Combined 97.6 for 2013; Commercial Outlook Still Negative: A.M. Best
A relatively quiet year for catastrophes helped the U.S. property/casualty industry achieve an underwriting profit for the first time in four years, according to A.M. Best. The industry managed its ...
RMS Releases New Models for U.S. Convective Storms, China Typhoon
RMS announced Monday that it has released new views of risk for U.S. and Canada Severe Convective Storm (SCS) and China Typhoon. According to the Newark, Calif.-based firm, the new versions of these ...
FIO Chief McRaith Dismisses State v. Fed Debate as ‘Relic’
The state versus federal oversight discussion is a "binary debate" that is a relic of a bygone era, the director of the Federal Insurance Office told lawmakers at a Congressional hearing Tuesday. FIO ...
Integrating Reinsurance Management System with Core Systems Reduces Risk
Insurers' numerous intricate reinsurance contracts and special pool arrangements, countless policies, and arrays of transactions create a massive risk of having unintended exposure. Inability to ...
No Disclosure of Lawmakers’ Own Crop Insurance Payments in Farm Bill
Crop insurers successfully lobbied to keep several proposals out of the farm bill set to pass the U.S. Congress today -- such as a requirement that would have forced farmer-lawmakers to disclose ...