Claims & Reserving
Some See Volcanoes As Safety Threat to Japan Nuclear Plants
In the three years since the Fukushima disaster, Japan's utilities have pledged $15 billion to harden their nuclear plants against earthquakes, tsunamis, tornadoes and terrorist attacks. But as ...
Reinsurers Are Ripe For M&A: Nomura
The reinsurance market is ripe for consolidation because the sector continues to soften, with alternative capacity in at least one area set to double over the next few years, a Nomura Equity Research ...
Judge Quashes Bid By Ex-AIG CEO Greenberg to Dismiss Civil Suit
A New York state judge has rejected a request by Maurice "Hank" Greenberg, the former American International Group Inc chief executive officer, to dismiss a long-running civil lawsuit by the state's ...
Lloyd’s America U.S. Chief Agrees ‘Climate Change is Here’
Despite risking offense to non-believers, Hank Watkins didn't hesitate when he was asked if climate change was upon us. Watkins, president of Lloyd's America, talked about an extensive report Lloyd's ...Berkshire Specialty Treks Into Travel Coverage
Berkshire Hathaway Inc.'s Peter Eastwood, hired last year to expand into more insurance niches, is pushing into travel coverage in the latest challenge to American International Group Inc., his ...
XL Group Exec: Be Mindful of 5 Interconnected Global Risks
In order to succeed, the global insurance industry must be mindful of five interconnected risks that keep the underwriting climate more volatile these days than not, XL Group Chief Enterprise Risk ...
Wildfires Will Cost $1.8B to Extinguish in 2014, U.S. Dept. of Ag
According to a Congressionally-mandated report issued on May 1, the U.S. Forest Service and the Department of the Interior (DOI) are projected to spend over $470 million more than is available to ...
Louisiana Citizens Starts Home Depot Claims Program
Louisiana Citizens Property Insurance Corp. will connect its policyholders with experienced, licensed and insured local contractors in a program with Home Depot. The state's property insurer of last ...