Industry News
Louisiana Flooding Kills at Least 6; Tens of Thousands Evacuated
Emergency crews worked through the night to rescue scores of south Louisiana residents from homes and stranded cars as deadly flooding continued to inundate large swaths of the region Sunday, three ...
Climate Change Modeling Is Closer Than You Think
For the last few years you got a common response from catastrophe modelers who advise the property/casualty industry when asked about including the effects of climate change in modeling. It went ...
PCI Backs NAIC Flood Insurance Reform Agenda
Property/casualty insurers are throwing their weight behind NAIC proposals that includes long-term reauthorization of the National Flood Insurance Program and also an expanded private market that ...
Executives On The Move at Swiss Re and Cincinnati Financial
Swiss Re appointed a new executive to help grow its property/casualty and life/health business in the Middle East and Africa. Cincinnati Financial's chairman of the board is stepping back from active ...
Liberty Mutual Boosts Ownership Stake in India Joint Venture
Liberty Mutual Insurance Group is increasing its share of an India joint venture to 49 percent. The move takes advantage of growth potential in a key emerging market, as well as new regulations in ...
NOAA Predicts Atlantic Could See Up to 8 Hurricanes by Season’s End
The Atlantic basin will see the most named storms since the 2012 season, the year Sandy crippled the U.S. East Coast, with five to eight of those strengthening into hurricanes by Nov. 30, the ...
GEICO to Add 600 Jobs in Western New York Expansion Plan
GEICO announced that it is expanding its regional operations in Western New York with an additional facility in Getzville. The Berkshire Hathaway-owned insurer said it expects to add more than 600 ...
Fitch Bumps Up Liberty Mutual’s Ratings Outlook
Liberty Mutual Group's ratings outlook has been bumped up to positive from stable at Fitch Ratings, reflecting an acknowledgment of improved operating performance. Fitch also affirmed the financial ...