Claims & Reserving
Insured Damage from European Floods Will Near $3.8B, Says Munich Re
Flooding in Europe last month will cause more than 12 billion euros ($15.5 billion) of damage, the year's most expensive natural catastrophe, according to Munich Re, the world's biggest reinsurer. ...
AIG Said to Be Lead Insurer on Asiana Crash in San Francisco
American International Group Inc. was the lead insurer providing coverage for the Asiana Airlines Inc. jet that crashed while landing in San Francisco last weekend, according to two people familiar ...
Canada Train Explosion Spurs Debate Over Safety of Crude Oil Shipping
A train disaster that killed five people in Quebec promises to touch off debate over the safety of shipping crude oil by rail or pipelines such as TransCanada Corp.'s Keystone XL. As authorities ...
Expecting The Unexpected: 5 Questions To Consider When Ramping Up Your CAT Staff
When disaster strikes, your organization's response is only as good as your workforce. Timing is everything and you need to be staffed for the unexpected. How can you assess your human capital ...
Drugmakers Search for Safer Painkillers Amid Opioid Abuse Epidemic
Backed by a U.S. campaign to slow abuse of prescription painkillers, drugmakers are devising new forms of the medicines that don't lead to misuse and new products that treat dependency in a bid to ...
Big Business Chalks Up More Wins Over Class Actions at Supreme Court
In a series of rulings this year, the U.S. Supreme Court has steered a consistent course against consumers or small businesses that want to bring class action lawsuits against corporate defendants. ...
U.S. Had 11 Climate Disasters Costing $1B Each Last Year
The U.S. suffered 11 weather and climate disasters last year that caused more than $1 billion in damage each and killed more than 300 people, making 2012 the second-most costly and active year on ...