Industry News
Hurricane Will Lead to $4B-$6B in Insured Property Losses; Reinsurers Remain Resilient
Hurricane Matthew may have diminished in intensity over the weekend, but wind and flood damage was substantial. Early analysis suggests the storm caused between $4 billion and $6 billion in insured ...
Hurricane Matthew Kills at Least 7 in NC; Power Outages, Flooding in 3 States
More than 1.5 million people are still without power as Matthew on Sunday brought Hurricane-force wind gusts and flooding to the outer banks of North Carolina, where the storm left at least seven ...
Hurricane Matthew Idles Plants, People, Goods Up Florida’s Atlantic Coast
Disruptions to air travel, manufacturing, supply chains and retail stores spread on Friday as Hurricane Matthew worked its way up Florida's Atlantic coast, leaving people and goods stranded and ...
The Latest Launches From The Hanover Insurance Group and Mitsui Sumitomo
The Hanover Insurance Group beefed up its policy base form for small businesses with a number of new coverage and benefits. Two divisions from Japan's Mitsui Sumitomo will team up with a third party ...
AIG Sued for $100M in Bonuses by Former Derivatives Staff
American International Group Inc. was sued by former staff who say they were denied $100 million in bonuses amid public outrage over derivative trades that crippled the insurer and threatened the ...
Forecasters Saw Hurricane Matthew’s Damage Before It Happened
As Hurricane Matthew rolled toward Florida last week, the meteorologists at Verisk Analytics were tracking its every move. They weren't just plotting the usual meteorological stuff, though, and ...
Hurricane Matthew Reaches Florida; Millions in U.S. Southeast Told to Flee
Millions of people in the U.S. southeast were ordered to flee as Hurricane Matthew, set to become the strongest storm to hit the country since 2005, headed toward Florida's East Coast after leaving ...
The P/C Insurance Industry and Analysts Scramble for Hurricane Matthew
With news that Hurricane Matthew could hit Florida and nearby states by Friday as a Category 4 storm, the property/casualty insurance industry scrambled on Thursday to assess and prepare for the ...