News
Munich Re: Global Insured Cat Losses in H1 Land Below Long-Term Average
Overall losses and insured losses from natural catastrophes during the first half of 2015 were below long-term average values, according to a review of global natural catastrophes issued by Munich ...
Farmers Reports Steep Price Tag For Late June Storm Damage Claims
Farmers Insurance said it expects to receive nearly 7,000 claims from hail, strong wind and other severe weather events that hit 14 states in late June. The price tag won't be cheap. Farmers said it ...
Warren Buffett Could Gain From Efforts to Weaken New Train Safety Rule
Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry, a key ...
ACE Group Launches Luxury Retailer Coverage For Wedding Dress Delivery Snafus
ACE Group is targeting international retail and luxury goods retailers with new specialized insurance coverage that addresses everything from wedding dress delivery snafus to fallout from product ...
Bermuda Adopts Solvency II ‘Equivalency’ Measures
A bulletin from Bermuda notes that the island's parliament took regulatory action this week to align its regulatory insurance procedure. The goal: recognition by the European Commission as being ...
W.R. Berkley Launches Specialty Arm Focused on Construction Professional Liability
W.R. Berkley Corp. is launching Berkley Construction Professional Liability Underwriters, yet another expansion of its specialty coverage offerings. The new unit will offer professional liability, ...
Guy Carpenter Division Places First Cat Bond For China Perils
GC Securities said it has placed a newly formed catastrophe bond shelf program with China Re - the first of its kind to benefit Chinese insurers/reinsurers and perils. The announcement of the Guy ...
Amtrak to Concede Liability For Most Damages in Philly Crash Cases
Amtrak said it will concede that it's liable for most damages caused by the May 12 train derailment in Philadelphia that killed eight passengers and injured dozens. The railroad acknowledged Friday ...