Claims & Reserving
Workers Comp Rates Priciest in Calif. and N.J., Lowest in N.D.
California and New Jersey had the nation's most expensive workers compensation rates, while North Dakota had the lowest rates in the nation, a new report shows. A report released this week by the ...
Hurricane Matthew Damage Won’t Harm Most Insurer Ratings: A.M. Best
A.M. Best does not anticipate a significant number of rating actions related to Hurricane Matthew, as most rated insurance carriers have sufficient capital and appropriate reinsurance programs in ...
Fla.’s Hurricane Matthew Damage Claims Already Over $218M
Property damage caused by Hurricane Matthew has spawned over $218 million in insurance claims so far in Florida, according to state officials, much less than the multibillion-dollar toll initially ...
September’s Tropical Storms Cost More Than $4B in Economic Losses: Aon Benfield
Tropical storms cost the global economy $4.2 billion in September, according to the latest Global Catastrophe Recap report from Aon Benfield's Impact Forecasting. Hurricane Hermine became the first ...
Cyber Risk and the Threat of the Unknown
As new technology is developed and digital applications are rapidly becoming more prevalent, cybersecurity continues to be an evolving risk and a potential loss area for insurance companies. The ...
RMS Keeping an Eye on Hurricane Matthew
Catastrophe risk modeler RMS is keeping an eye on Hurricane Matthew, one of the most powerful North Atlantic hurricanes in recent history. Matthew, which briefly reached Category 5 strength on Oct. ...
GEICO Loses Chance to Gain SCOTUS’s Ear for Overtime Appeal
The U.S. Supreme Court on Monday declined to hear GEICO General Insurance Co's appeal of a ruling that the No. 2 auto insurer in the United States must pay overtime wages to its claims investigators ...
When Vehicle Claims Surge: How to Weather the Storm
Unpredictable and severe weather patterns are a continuous and growing concern for property/casualty insurance companies. In fact, data findings from a new study in the journal Naturedemonstrate that ...