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A Miami judge's certification of a lawsuit against Florida's largest utility company as a $10 billion class action, with damage claims from more than 4 million people who lost power in Hurricane ...
U.S. P/C insurance catastrophe losses in 2017 reached $53 billion in 2017, a surge of close to 110 percent compared to 2016, according to a new A.M. Best report. As expected, insured losses from ...
After years of declines, January reinsurance renewals finally turned in the other direction in an upward trend that will continue throughout 2018, according to a new Standard & Poor's report. ...
XL Group disclosed preliminary natural catastrophe pre-tax loss estimates of approximately $250 million for the 2017 fourth quarter, stemming largely from wildfires in Northern California. The parent ...
Rate hikes are on the way for reinsurers and insurers, Morgan Stanley asserts in a new research note, echoing predictions of others in the wake of record catastrophe losses for 2017. Morgan Stanley ...
The Lloyd's market has paid claims worth $1.7 billion, to date, in response to Hurricanes Harvey, Irma and Maria. Earlier this year, Lloyd's estimated a total commitment of $4.8 billion for the three ...
Cumulative net catastrophe losses for reinsurance companies from Hurricanes Harvey, Irma and Maria, along with the Mexico earthquakes, are between $20 billion-$25 billion out of an overall industry ...
Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North America, filings showed on Wednesday. Hurricanes in the United ...
Thanks largely to Hurricanes Harvey, Irma and Maria, commercial insurance buyers will face a market correction in 2018, Willis Towers Watson asserts in its 2018 Marketplace Realities report. In other ...
Bad weather hurt Warren Buffett's Berkshire Hathaway Inc in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent ...
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