Specialty
California Wildfires Damage 5 Calpine-Owned Power Plants
A California wildfire damaged five power plants at Calpine Corp.'s Geysers geothermal complex in Lake and Sonoma Counties. The so-called Valley Fire burned local power distribution lines, cooling ...
Cyber, Tech, Longevity and Casualty Catastrophe Are Key Emerging Risks: Guy Carpenter
A new report from Guy Carpenter & Co. identifies cyber, technology, longevity and casualty catastrophe as key areas of emerging risk for the (re)insurance industry and discusses the importance of ...
Five Steps to Relevance
Insurers looking for strong insurance growth need to look beyond developed economies and they need to enter coverage areas for emerging risks like brand damage insurance, mortgage credit risks, and ...
Corporate ‘Giga’ Losses: An Avenue for P/C Premium Growth and Relevance
Opportunities for premium growth and for greater relevance are waiting to be tapped by insurers willing and able to cover corporate "giga losses" and take shares of U.S. mortgage credit risks, ...
Hanover CEO Eppinger is Leaving After 12 Years; Replacement Search Has Begun
The Hanover Insurance Group's longtime CEO is stepping down, and a search for his replacement at the Massachusetts property/casualty insurer has already begun. Frederick Eppinger plans to remain in ...
Underinsurance of Property Risks is Growing Globally: Swiss Re Report
The underinsurance of property risk – particularly natural catastrophe risks – has risen steadily over the past 40 years, even though claims payments have increased significantly during that ...
Workers Comp Touches First Pricing Dip in 5 Years: Towers Watson
Workers compensation pricing appears to have dipped slightly in the 2015 second-quarter. That's the first time this has happened since 2010, Towers Watson said in a new report that tracked a tiny ...
New Product Alert: XL Catlin, Aon Benfield, AIR Worldwide and More
XL Catlin recently unveiled new commercial crime insurance for the U.S. market. The policy is available on a primary, excess and quota share basis with policy limits up to $25 million. It includes ...