Claims & Reserving
Transportation Insurer National Interstate Posts Surprise Q2 Loss
National Interstate Corp., the insurer majority owned by American Financial Group Inc., plunged the most since 2008 after reserves for claims in prior periods proved inadequate, fueling a surprise ...
TD Bank Faces Insurance Loss Due to Flood Claims
Toronto-Dominion Bank , Canada's second-largest lender, said it will take a third-quarter charge after tax of C$418 million ($406 million) due to recent severe weather in Alberta and Ontario and to ...
Allianz, QBE to Face Most Claims from Spain Train Derailment
Germany's Allianz and Australian group QBE bear the bulk of the insurance liability from this week's fatal train crash in northwest Spain, according to sources at the companies. While Allianz's ...
How to Avoid Potentially Violent Situations During Claims Investigations
Working in unfamiliar locations on stressful losses, usually alone, adjusters in the field can be at a disadvantage when it comes to knowing if a situation with a policyholder or claimant could turn ...
Berkshire Hathaway Reinsurance for Ireland’s Health Claims May Save Taxpayers
Warren Buffett's Berkshire Hathaway Inc. will reinsure about 700 million euros ($923 million) in claims for Ireland's state health insurer, which is seeking to stem losses and its burden on taxpayers ...
Casualty ILS: The Time Has Come
The accelerating convergence of insurance and reinsurance with capital markets and the resulting effect on the traditional insurance and reinsurance business model have topped the insurance news ...
Intact Financial to Report $248 Million in Losses From Floods in Canada
Intact Financial Corp., the largest property and casualty insurer in Canada, will record losses of C$257 million ($248 million) from flooding in Alberta and Toronto, and a train explosion in Quebec. ...
BP Loses Bid to Halt Oil Spill Claim Payments
A federal judge denied an attempt by BP Plc to suspend payments to people and businesses claiming damages related to the 2010 Gulf of Mexico oil spill, while an investigator looks into possible ...