Claims & Reserving
PCI’s Griffin Testifies on Lessons Learned After Sandy
Don Griffin, vice president of personal lines at the Property Casualty Insurers Association of America (PCI), testified Wednesday before the Senate Committee on Banking, Housing and Urban Affairs ...
UnitedHealth’s $173M Fine May Be a Warning to P/C Insurers
A decision by California Insurance Commissioner Dave Jones to fine UnitedHealth Group $173.6 million for violations having to do with the Unfair Business Practices Act, the Unfair Insurance Practices ...
PURE Introduces Self-Serve Member Portal
Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property/casualty insurer that caters exclusively to high-net-worth individuals and families, announced the release of the ...
Aspen CEO Sees Opportunity in Aviation War Market
While insurers including Allianz SE, Atrium Underwriting Group and AIG have taken recent hits with plane crashes in the Ukraine, Taiwan and elsewhere, Aspen Insurance Holdings has avoided major ...
Travelers Ordered to Pay Over $500M in Asbestos-Related Claims
A federal appeals court on Tuesday ordered Travelers Cos. Inc. to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer's coverage of insulation maker Johns-Manville ...
Insured Losses From Hurricane Arthur Will Not Exceed $250M: RMS
Insured losses from Hurricane Arthur—the first hurricane to make landfall in the U.S. since 2012's Hurricane Sandy—will not exceed $250 million from wind and coastal flooding, according to ...
Malaysia Airlines Plane Crash Insurance May Pose Quandary
Insurance on the Malaysian airliner brought down over Ukraine is likely to pay out relatively quickly if the cause of the crash is determined, but observers say settling insurance for the loss of 298 ...
Allianz Leads Reinsurance on $97.3M Jet Downed in Ukraine Crash
Allianz SE is the lead hull and liability reinsurer on a Malaysia Airlines passenger jet that was shot down over eastern Ukraine. The aircraft's value is about $97.3 million, London-based insurance ...