Specialty
Insurers Increasingly Worry About Political Risk Coverage
Evan Freely has been insuring global risks for years—through the 2008 market meltdown, the 2002 crisis in Argentina, and the 1993 downturn in Venezuela. Yet turmoil now seems to be coming at a more ...
Zurich Completes $551M Deal to Buy Cover-More, Australia’s Largest Travel Insurer
Zurich Insurance Group has completed its $551 million acquisition of Cover-More, an Australian travel insurer and service provider that operates in Australia, India and the U.S. This transaction is ...
Executives On The Move at AXIS, Great American and Crawford & Co.
AXIS Capital Holdings is hiring a former XL Catlin executive in an international leadership role. Great American Insurance Group promoted an executive to lead its Property & Inland Marine ...
The Latest Launches From Farmers, ISO/Verisk and More
Farmers Insurance is expanding into more states with a billing product designed to make the workers compensation coverage process easier for small businesses. ISO launched an interactive dashboard ...
Cat Bond Issuance Hit $2.3B in Q1 as Market Habits Shifted: PCS
Catastrophe bond issuance reached $2.3 billion in the 2017 first quarter, a record level that landed slightly higher than the same period a year ago, the Property Claims Services Unit of Verisk ...
Congress Passes Bill to Boost National Weather Service Forecast, Storm Warning Research
The National Weather Service would have to boost research – including some from private companies – to improve forecasts and storm warnings under a bill headed to President Donald trump's desk. ...
ISO Will Help Collect Insurance Terrorism Data for Federal Coverage Program
ISO will collect, aggregate and help analyze terrorism data for the U.S. Department of the Treasury that, starting this year, will be required from insurers participating in the federal Terrorism ...
2017 Atlantic Hurricane Prediction: A Slightly Below-Average Season
Colorado State University hurricane researchers are predicting a slightly below-average Atlantic hurricane season in 2017, citing the potential development of El Niño as well as recent anomalous ...