Claims & Reserving
India Floods Cost $3B in Economic Losses: Aon Benfield’s Impact Forecasting
Weeks of torrential rainfall in southern India and Sri Lanka caused an estimated $3.0 billion in total economic damages during November 2015, with $300 million in reported insurance claims, according ...
AIG, Lombard General Brace for India Claims Surge After Record Floods
Insurers from Lombard General Insurance Co. to American International Group Inc. are bracing for a surge in Indian claims to a 10-year high after unprecedented floods last week ravaged Chennai, the ...
Are Commercial Auto Insurance Improvements Coming to a Stop?
Through 2014, the commercial auto insurance industry has seen solid improvements in both underwriting and operating performance. A.M. Best sees trouble ahead in the form of industry trends that could ...
Nine Straight Years for P/C Reserves Releases: Fitch
Property/casualty insurers continued to take down loss reserves for prior years in 2014, which marked the ninth straight calendar year of favorable development for the industry in aggregate, ...
What’s Ailing Zurich Insurance?
Change is underway to reshape some ailing General Insurance business at Zurich Insurance Group, according to the new chief executive for the unit, who described a corrective focus on profitability ...
File Splitting: Handling Claims When Coverage Is Unclear
The duty to defend and indemnify a policyholder is an important promise an insurer agrees to in an insurance policy. Though coverage may be clear cut in many claims, others may require additional ...
Catastrophe Compensation: An Industrywide View
We're moving through hurricane season, and once again it's been a quiet catastrophe year. Thirty-one events have led to insured losses of only $11.2 billion across 39 states and two Canadian ...
Allstate CEO Wilson Pledges Rebound for Auto Insurance Combined Ratio
Allstate Corp. Chairman and CEO Thomas Wilson assured investors this week that the insurer is working hard to improve its automobile combined ratio, which spiked six points to 101.4 in the 2015 ...