News
14 P/C Insolvencies in 2013; Half RRGs: A.M. Best
A.M. Best announced its final tally of impairments for 2013 on Wednesday, counting just 14 for the year—the lowest level since 2007. The level was a little more than half the historical average and ...
Predictive Modeling Pitfalls
There are many success stories featuring predictive models, but what does not get as widely reported are the failures: mistakes that range from subtle misinterpretations and minor miscues to ...
CoreLogic Announces New EQECAT Platform, Japan EQ, Two Other Models
CoreLogic, a provider of property information, analytics and data-enabled services, released a new version of its EQECAT natural catastrophe modeling platform on Wednesday. The new platform contains ...
Tacchetti Replacing LaRocco as AssureStart CEO
AssureStart, a Seattle-based technology startup that sells general liability and property insurance to small businesses on the Internet, announced that its board of directors named Greg Tacchetti ...
Supreme Court Deals Blow to Madoff Victims
Victims of the Ponzi schemes of Bernard Madoff and Allen Stanford, two of the largest in U.S. history, suffered setbacks on Monday as the U.S. Supreme Court refused to hear appeals in two cases ...
Cat Bond Prices May Have Reached the Bottom: Fitch
Catastrophe bond prices have been falling in 2014, but they may not sink any lower, Fitch Ratings suggested in a statement Tuesday, pointing to Munich Reinsurance Group's decision to pull its Queen ...AIG Answers ‘What-If’ Crisis Question With Divesture Strategy
American International Group Inc., the insurer that repaid a U.S. rescue in 2012, said it could divest insurance units and stop offering new policies if forced to wind itself down without a bailout ...
Allianz: Many U.S. Residents Want Foreign Vacation Insurance Coverage
Nearly half of Americans would consider buying travel insurance for future foreign vacations due to recent world events, according to a new survey. The finding is among the conclusions contained in ...