U.S.
Irma Insured Losses Will Hit Between $35B-$55B: RMS Estimate
Hurricane Irma likely caused between $35 billion and $55 billion in insured losses in the U.S. and the Caribbean combined, according to the latest estimate from catastrophe modeler RMS. Broken down, ...
Global Reinsurers Likely Exposed to Catastrophic Mexico City Quake: Morgan Stanley
Global reinsurers will likely face exposures from a massive magnitude 7.1 earthquake that struck Mexico City on Sept. 19, Morgan Stanley said in a new research note. This earthquake led to dozens of ...
Zurich North America CEO Will Depart; Savio to Replace Him on Jan. 1
Zurich North America CEO Mike Foley plans to leave his position at the end of 2017 after more than a decade with the Swiss insurance giant. His successor has already been chosen: Kathleen Savio. ...
Allstate CEO Wilson Urges Congress to Overhaul Federal Flood Insurance Program
Allstate Corp's Chief Executive Officer Tom Wilson on Tuesday called on U.S. lawmakers to overhaul a government subsidized flood insurance program, calling for a more streamlined system that does not ...
Harvey, Irma-Ravaged Farms May Miss Out on U.S. Govt. Crop Insurance Cover
In the U.S, government-backed insurance plans help compensate farmers for losses after natural disasters. Unfortunately for the produce growers that were ravaged by recent hurricanes, a lot of the ...
Hurricane Maria Rips Roofs off in Dominica; U.S. Virgin Islands, Puerto Rico Are Next
Hurricane Maria caused "mind boggling damage," ripping off roofs across the small island of Dominica before pushing on toward the U.S. Virgin Islands and Puerto Rico on Tuesday as the second ...
Brexit Drives XL Group to Shift EU HQ to Ireland
XL Group is the latest property/casualty insurer to make plans to move its European insurance company headquarters from the United Kingdom in response to its vote to leave the European Union. The ...
CEO Viewpoint: How Drones Are Changing the Face of the Insurance Business
Sometimes it takes a tragedy—maybe even two tragedies—to change a paradigm. But just as Houston and parts of the west coast of Florida will never be the same after the double disasters of ...