News
BMS Launches Severe Weather Analytics
BMS Group has announced a new weather risk management module as part of its iVision suite of analytical tools and services. The unique analytical tools allow carriers to better understand their risk ...
Insurance Details on Loss of Malaysian Air Flight MH370 Clouded
Very few details have been released by the re/insurance industry related to the missing Malaysian Airlines flight MH370, which has caused some minor confusion as to the re/insurers providing coverage ...
Air Pollution Killed 7 Million in 2012: WHO
Air pollution killed about 7 million people in 2012, making it the world's single biggest environmental health risk, the World Health Organization (WHO) said on Tuesday. The toll, a doubling of ...
China Orders Insurers to Halt Sales of Smog Insurance
Chinese regulators have told the country's two largest insurers to stop selling coverage against smog, a week after such policies were launched, the China Daily reported. The newspaper did not say ...
Puerto Rico, Detroit Investors Buoyed by Bond Insurers’ Rebound
Buyers of debt issued by bankrupt Detroit or junk-rated Puerto Rico are finding it pays to have bond insurance. The backing is even more valuable after upgrades of units of Assured Guaranty Ltd. and ...
2013 Natural Catastrophes Cost $37B in Insured Losses: Swiss Re
Global insured losses from natural catastrophes and man-made disasters totaled $45 billion in 2013, down from $81 billion in 2012, according to the latest sigma study from Swiss Re. Of the 2013 ...
IPCC Japan Meeting Aims for ‘Comprehensive Assessment’ on Climate Change
The Intergovernmental Panel on Climate Change (IPCC) announced that government representatives and scientists opened a five-day meeting Tuesday that aims to "finalize a report assessing the impacts ...Death Toll from Washington Mudslide Expected to Rise
The death toll from a massive mudslide in Washington state is expected to increase as crews continue to search through the soupy, debris-laden field and rainy conditions complicate matters for ...