News
Texas Hailstorms Brought Nearly $700M to Texas Homeowners: CoreLogic
According to new data released by CoreLogic on Monday, the 2016 hail season is already one of the most severe in Texas history, with year-to-date results reaching the nine-year average for U.S. hail ...
UPC Sponsors $100M Discount Cat Bond
On Thursday last week, Swiss Re Capital Markets announced that it successfully structured and placed the issuance of $100 million of insurance-linked securities by Laetere Re Ltd. on behalf of United ...
Allstate Chief Looking for Dealmaker to Oversee $79B Investment Portfolio
Allstate Corp. Chief Executive Officer Tom Wilson is looking for more than a bond buyer as he seeks an investment manager to run the insurer's $79 billion portfolio. "We need somebody who knows ...
Insurance Matters for Police Reform: University Researcher
Liability insurance may be a "neglected backdoor route to police reform," according to a researcher from the University of Chicago. John Rappaport, an assistant professor at the University of Chicago ...
Lawsuit Alleges Calif. Workers Comp System Biased Against Women
California's workers compensation system discriminates against women by judging benefits on the basis of stereotypes and ignoring harm done to women—such as refusing permanent benefits when a woman ...
JLT Specialty USA, Stanford Team Up on Cyber Breach Data Effort
JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc., is partnering with academics at Stanford University, to build a comprehensive cyber breach data set, JLT announced late last ...
‘Significant’ Workers Comp Underwriting Profit Might Not Repeat: Fitch
The U.S. workers compensation insurance market achieved a "significant" underwriting profit in 2015, but trends call into question whether such a result can be repeated, Fitch Ratings concluded in a ...
Fort McMurray Wildfires Are Canada’s Costliest Disaster Ever: IBC Report
Insured losses from the May wildfires in Fort McMurray, Alberta, are expected to total C$3.58 billion ($2.76 billion), making it the costliest-ever Canadian natural disaster, an insurance industry ...