Claims & Reserving
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 ...
Eight New Companies Join Ward’s Annual Top 50 P/C Ranking
Eight new nominees join Ward Group's 2014 roundup of the 50 top performing property/casualty insurers. The recently released analysis crowns the best performers out of more than 3,000 companies in ...
Typhoon Advances to China After Killing 6 in Philippines
At least six people were killed as the strongest storm to make landfall in the Philippines this year lashed Manila, shutting schools, offices and financial markets and knocking out power across most ...
S&P: Bond Insurers Ready for Puerto Rico Corporate Debt Crisis
For now, two major bond insurers appear more than able to handle credit deterioration of Puerto Rico's public corporations and new legislation that will let some of the companies restructure their ...
Google Glass: An Insurer’s Secret Weapon?
In just a few years, adjusters may no longer be saddled with multiple devices for appraising damage, according to a recent industry white paper. Instead, one device alone will serve as a camera, tape ...