Industry News
Midyear Re Prices Down Up to 25 Percent
Reinsurance prices fell by as much as 25 percent in key markets midyear as pension funds poured in money and demand for cover from insurance companies remained subdued, brokers said on Tuesday. ...
Tropical Storm Arthur Watch: Small Turns Could Mean Big Impact
As Tropical Storm Arthur develops off Florida's coast, AIR Worldwide isn't predicting an major insurance damage. But small moves can mean big changes, the Boston-based catastrophe modeling firm said ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
Endurance M&A Bid Pushes On as Aspen Ups the Opposition
The hostile-takeover battle between Bermuda reinsurance rivals Endurance Specialty Holdings Ltd. and Aspen Insurance Holdings Ltd. continued unabated this week with no end in sight. Endurance ...Risk Management Office Privatization Saves Louisiana $16M
Louisiana has saved nearly $16 million in the first three years of a privatization contract for the Office of Risk Management, the state's self-insurance agency, according to an audit released ...
GM Switch Crash Compensation Could Cost Billions
The attorney overseeing General Motors' compensation to victims of small-car crashes says there's no limit to what the company will pay, provided the crashes were caused by faulty ignition switches. ...
Willis Re Sees More Rate Softening With June and July Renewals
Willis Re took a close look at June 1 and July 1, 2014 global reinsurance renewal rates and once again found them mostly wanting from the reinsurance industry perspective. Meanwhile, cat bonds ...
Xuber: London’s Insurance Market Needs Collective Use of Big Data
The London insurance market is arguably among the most important in the world. A new report from insurance software developer Xuber argues that position is in jeopardy because its major players don't ...
Sept. 11 Victims Lose Right in U.S. to Sue Firms With Alleged Al-Qaeda Ties
The U.S. Supreme Court turned away an appeal by thousands of Sept. 11 attack victims who sought to sue Middle Eastern companies and people for allegedly providing crucial support to al-Qaeda. The ...