Claims & Reserving
Amica Mutual Once Again No. 1 in Homeowners Claims Satisfaction: J.D. Power
For the third consecutive year, insurers have achieved higher overall satisfaction among homeowners who have filed a property claim, according to the J.D. Power 2015 Property Claims Satisfaction ...
Liberty Mutual: Overexertion and Falls Add the Most to U.S. Workers Comp Costs
Overexertion and falls account for more than $25 billion in workers compensation costs in the U.S., according to Liberty Mutual Research Institute for Safety's 2014 Workplace Safety Index. In its ...
Allianz Lead Reinsurer for Downed AirAsia Plane
Allianz SE could be exposed to claims of at least $100 million linked to the AirAsia jet missing off the Indonesian coast with 162 people on board—the third major airline accident it has been ...
Third Point Re is Launching Formal U.S. Operations
Third Point Reinsurance Ltd. has disclosed plans to set up formal U.S. operations. Thomas Wafer and Jonathan Norton have been hired to help establish and manage the group's new setup. Both are ...
Heard at PCI Meeting: Reserve Covers, Capital Relief Deals Are Growing Trend
They may not be the new black, but references to adverse development covers and capital relief solutions and cropped up more than once in conversations with reinsurance market participants during the ...
Hartford Unit Accused of Using Altered Hurricane Sandy Report
A Hartford Financial Services Group Inc. insurance unit denied a Hurricane Sandy damage claim based on an engineering report that was altered without approval, a lawyer for policyholders told a New ...
Liberty Mutual Launches New Cyber Coverage Products
Liberty Mutual is beefing up its commercial and business policies with enhanced, flexible cyber coverages – yet another major insurer responding to the growing risk of computer-related data ...
A.M. Best: Workers Compensation Numbers Improved in 2013
While workers compensation continues to face heavy competition and low investment returns, we have good news to tell you. The industry's combined ratio dipped nearly 12 percent from 2012 to 2013, ...