Claims & Reserving
Travelers CEO Schnitzer: Loss Costs ‘Challenging as Ever to Predict’
In the words of its CEO, there's a "fair amount to pay attention to" from the first-quarter earnings call of Travelers, as the P/C insurer grew net written premiums 11 percent to a record $8.4 ...
How Carriers Are Reimagining Claims Management
With advances in technology comes a skyrocketing quantity of data, and frontline claims operators are struggling to keep up. For insurance executives, the problems that ricochet from this data ...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon
Preliminary economic losses from natural hazards during the first quarter of 2022 totaled $32 billion, of which less than 50 percent (or $14 billion), was covered by public and private insurers, ...
This Year’s Hurricane Season Likely to Be Wetter, Just Like 2020
Climate change made the 2020 Atlantic hurricane season noticeably wetter, and it will likely make this season rainier, too, scientists said. Human-caused climate change made the entire season drop ...
Advanced Hackers Have Shown Ability to Hijack Critical Infrastructure
Advanced hackers have shown they can take control of an array of devices that help run power stations and manufacturing plants, the U.S. government said in an alert on Wednesday, warning of the ...
CEO of Rental Giant Hertz Vows to Fix False Theft Reports
The new CEO of Hertz says he's working to fix a glitch in the rental-car giant's systems that has led to some of its customers being wrongly accused of stealing cars they had rented. Stephen Scherr, ...
Accounts Deceivable: Email Scam Costliest Type of Cybercrime
It's a crime that siphons untold billions from the economy—but many people have never heard of it. Business email compromise scams involve criminals hacking into email accounts, pretending to be ...
Insurers Found Liable for $101M Payment Into Lead Paint Abatement Fund
Taking a calculated risk by selling a hazardous product isn't the same as intentionally causing harm. For that reason, insurers must cover a court judgment that requires the company that sold Dutch ...