Claims & Reserving
QBE 2013 Loss As Expected; U.S. Mid-Market Biz Under Microscope: CEO
There were no surprises when QBE published its year-end financial results on Tuesday, with a $254 million after-tax loss on the bottom line nearly matching a preannounced estimate delivered by the ...
Guy Carpenter’s Satellite Imaging Service Assisting Insurers with UK Floods
Reinsurance specialist Guy Carpenter & Co. recently launched a satellite-based catastrophe evaluation service, GC CAT-VIEWSM, which it is already using to provide clients affected by the recent ...
Insurers Welcome New York Court’s Reversal in K2 Breach Liability Case
Insurance trade groups are welcoming the New York Court of Appeals' reversal of its June 11, 2013, decision on K2 Investment Group, LLC v. American Guarantee & Liability Insurance Co., a case ...
British Floods Hit Aviva, RSA, Direct Line
Aviva Plc, RSA Insurance Group Plc, and Direct Line Group Plc are poised to bear the brunt of losses from flooding in Britain that is estimated to cost the industry as much as 1 billion pounds ($1.7 ...
British Insurers Vow Quick Response for Flood Victims
British insurance companies told a meeting with government ministers yesterday they are prepared to act quickly to help victims of record floods that have so far caused an estimated 600 million ...
British Officials, Insurers to Meet Over Flood Recovery
British officials will hold their first meeting with insurers today on how they'll deal with record floods that have so far caused an estimated 600 million pounds ($1 billion) in damage. Cabinet ...
Greenberg’s Starr Investment Heads Group Buying Claims Firm MultiPlan
A group led by former AIG boss Maurice "Hank" Greenberg's Starr Investment Holdings said it would buy health insurance claims processor MultiPlan Inc. Terms of the deal were not disclosed. A person ...
Early California Wildfire Season Could Be Unprecedented
California's worst drought in decades is feeding what may become a devastating wildfire season, one that is starting about five months early. Extremely dry conditions have sparked 487 wildfires so ...