insurance News
Harvey’s Impact on Insured and Uninsured Alike Soars in Growing Economic Catastrophe
Hurricane Harvey's second act across southern Texas is turning into an economic catastrophe -- with damages likely to stretch into tens of billions of dollars and an unusually large share of victims ...
AXIS Sweetens Bid for Lloyd’s Specialty Carrier Novae, Now Offering $611.5M
AXIS Capital Holdings Ltd. has substantially sweetened its offer for Novae Group plc, a Lloyd's of London specialty insurer and reinsurer. AXIS, a Bermuda-based specialty insurer and reinsurer, said ...
Global Insured Natural Catastrophe/Disaster Losses Hit $23B in H1: Swiss Re
Global insured losses from natural catastrophes and man-made disasters in the first half of 2017 totaled $23 billion, while economic losses during the same period came to $44 billion – an ...
U.S. Mortgage Reinsurance Remains a P/C Bright Spot: Standard & Poor’s
While business conditions in traditional property/casualty reinsurance areas continue to deteriorate, U.S. mortgage reinsurance apparently remains a bright spot, due to government mandates and other ...
La Nina Becomes More Likely as El Nino Odds Fade
The U.S. reduced the odds of a Pacific El Nino, but said the prospect of La Nina ushering in cold weather across the northern U.S. has improved. Extremes in Pacific Ocean temperatures, called La Nina ...
Insurance Distribution Is Evolving Into a Core System
With technology advancements and expansion racing one another in the insurance industry, it's becoming ever more evident that distribution is evolving into a core system. Insurers haven't said so in ...
Bulk of July Natural Disasters Slam Asia; Damage Tally Surpasses $10B
The vast majority of global natural disasters during July were the result of severe flooding across the Asian region, bringing more than $10 billion in economic damages, according to a report ...
Leaked Federal Climate Reports Could Slow Rollback of Federal Regulations
A pair of highly anticipated government studies, one of them due to be released this week, could complicate President Donald Trump's effort to roll back federal climate regulations, according to ...