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The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the fourth-highest annual catastrophe loss year on record did create questions over ...
Aspen Insurance Holdings confirmed on Friday, Feb. 16, that it has ceased underwriting property insurance on its Bermuda platform, effective immediately, as a result of the company's 2017 catastrophe ...
Once again, thousands are fleeing wildfires in California. And, once again, the worry on Wall Street is that a major electric utility might end up on the hook for the damages. Shares of Edison ...
Global insurance renewal rates fell for the 17th consecutive quarter in the second quarter of 2017, according to Marsh's Q2 2017 Global Insurance Market Index. Despite the continuing decline, Q2 ...
XL Catlin has extended its global property insurance capacity by 25 percent to $500 million, available on a quota share or layered basis. In addition, in the U.S., the insurer offers capacity up to ...
The super-rich, dubbed "ultra-high-net-worth" by property/casualty insurers, arguably have unique coverage needs. One of the more unusual turns out to be this: multinational coverage to address home ...
Extreme August flooding in Louisiana and the Midwest took its toll in August, causing between $10 billion and $15 billion in economic losses, according to Aon Benfield's Impact Forecasting. Public ...
The state of global insurance rates in the 2016 second quarter is very much a mixed bag. On the one hand, global insurance rates declined for the 13th consecutive quarter. However, this is the second ...
Pokémon Go, a location-based "augmented reality" game for smartphones, may be shaping up to be a big insurance/liability challenge. The game launched in July (based on a 1990s children's card ...
Officials have only begun to tally economic and insured losses after widespread flooding hit much of France, Germany and parts of Belgium. But catastrophe-modeling firm AIR Worldwide said the ...
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