News
Typhoon Slams Into Philippines; Possible Insured Damage $2B
Super Typhoon Haiyan, this year's most powerful cyclone, slammed into the central Philippines, killing at least three people, cutting power and communication lines and knocking down trees. Two people ...
Third Point Re Announces Three Directors
Third Point Reinsurance Ltd. and its wholly owned subsidiary Third Point Reinsurance Company Ltd. announced on Thursday that each of them has appointed, Mark Parkin, Neil McConachie and Rafe de la ...
Behind every commercial or residential property in a regional insurer’s portfolio are people relying on their carrier to remain resilient...
Super Typhoon Haiyan Slams Philippines with Category-5 Power
Super Typhoon Haiyan, the equivalent of a Category 5 hurricane, slammed into the Philippines today after forcing thousands of people to evacuate. Haiyan had top winds of almost 196 miles (315 ...
Aging Core Systems Not Making the Grade: IGO Carrier Research
A new survey of P/C and group life carriers revealed that more than 50 percent cite legacy systems as the top core system challenge, followed by integration and scalability/flexibility issues. ...
CarSharing Group Publishes Draft Liability Insurance Guideline
The CarSharing Association released a draft liability insurance guideline for round-trip carsharing operators in the United States on Wednesday. This guideline has been developed to protect consumers ...
We Can Write Terror Risk, Industry Execs Say
At least two property/casualty insurance and reinsurance industry executives highlighted the industry's capacity to write terrorism coverage during recent earnings calls, with the most forceful ...
Insurance Store-in-a-Box Kiosks Launched by Tennessee’s Direct Auto
Kiosks allowing customers to purchase auto insurance policies in as little as five minutes are popping up in insurance offices in Tennessee, previewing a larger rollout that will put them in ...
Senators Seek to Kill Tax Break for Corporate Settlement Costs
Banks and corporations would no longer be able to claim tax deductions for certain payments made under legal settlements with the U.S. government involving alleged business misconduct, under ...