Specialty
Measuring Casualty Cat Risk: What Underwriters and Actuaries Miss and Why
Last month, I was invited to speak at the Casualty Actuarial Society Loss Reserving Seminar in Chicago, where I had the opportunity to challenge the existing techniques designed to measure ...
Tokio Marine America Now Offering Hull, Liability Cover in Ocean Marine Offering
Tokio Marine America is expanding its ocean marine offering to include hull and liability insurance. Plans call for doing this by partnering with Continental Underwriters, a managing general agency ...
Hundreds of Italy Quake Aftershocks Expected; Coverage Gaps Possible
With central Italy reeling from yet another earthquake that hit on Oct. 30, and bracing for many aftershocks to come, AIR Worldwide cautions that there may be gaps there in earthquake insurance ...
Global Warming Could Turn Southern Spain Into Desert: Study
Southern Spain will become desert and deciduous forests will vanish from much of the Mediterranean basin unless global warming is reined in sharply, according to a study released Thursday. ...
CNA Investment Income Gains Stand Strongly in Steady Q3
CNA Financial Corp's Q3 went very well for the insurer, which is slated to get a new CEO on Nov. 21. Net income soared, thanks to investment gains, catastrophe losses were relatively stable, and the ...
Driverless Taxis Poised to be Transformational for Mass Transit
Mass transit, the lifeblood of cities worldwide, is under threat from the biggest innovation in automotive technology since Henry Ford's assembly line first flooded streets with cars. The ...
Another Earthquake Strikes Central Italy; Homes and Historic Churches Tumble
A powerful earthquake struck Italy on Sunday in the same central regions that have been rocked by repeated tremors over the past two months, with more homes and churches brought down but no deaths ...
AmTrust to Pay $90M for Workers Comp Insurer AmeriHealth Casualty
AmTrust Financial Services plans to pay $90 million in cash for a regional U.S. workers compensation insurer, its last acquisition in a year of several M&A transactions. The New York City-based ...