Claims & Reserving
Asbestos Liabilities: The New (Old) Emerging Risk
The financial challenges presented by asbestos liabilities are not fading away as most insurance professionals have long hoped. In fact, A.M. Best raised its estimate of ultimate asbestos liability ...
Next Generation Cat Modeling: Multimodel, Open Source or Open Platform—What’s the Difference?
For the past two decades, insurers and reinsurers have licensed catastrophe models from AIR, RMS and EQECAT, and each vendor model came with its own front and back end to handle the model input and ...
RMS CEO Shah Confronts Delays With Cat Modeling Platform Rollout
RMS launched its Exceedance 2014 conference in Washington, D.C. on April 14 with a hard sell of RMS(one), a cloud-based catastrophe risk management system the California company hopes will modernize ...
Drought, Winter Storms Led March Insured Losses: Impact Forecasting
Severe drought, flooding and winter storms topped the list of natural perils in March, according to the latest Global Catastrophe Recap report from Aon Benfield's Impact Forecasting. The U.S. was hit ...
2013 Natural Catastrophes Cost $37B in Insured Losses: Swiss Re
Global insured losses from natural catastrophes and man-made disasters totaled $45 billion in 2013, down from $81 billion in 2012, according to the latest sigma study from Swiss Re. Of the 2013 ...
California Voter Initiative Aims to Increase Damages Cap
California's limit of $250,000 on medical malpractice damages for pain and suffering, which became a model for other states almost 40 years ago, could be increased under a voter initiative to be ...
Insurance Payments Begin But Liability Over Missing Malaysian Jet Unclear
As the final hours of Malaysian Air Flight 370 remain wrapped in mystery, the question of who bears full liability for the jet's disappearance is also unresolved. This much is clear: Families of the ...
Esurance Adds Video Appraisals for On-the-Spot Claim Estimates
Esurance, the direct-to-consumer personal insurance company, has added what it believes to be an industry-first mobile feature: video appraisal, which enables consumers to video chat with an Esurance ...