Risk & Capital Management
The Hartford, National Indemnity Ink $1.5B Reinsurance Deal Covering Asbestos/Environmental Liability Reserves
The Hartford said it has sealed a sizable reinsurance agreement covering some asbestos and environmental liability reserves with Berkshire Hathaway subsidiary National Indemnity Company. Plans call ...
Dwindling Investment Returns, Heavy Competition Erode Insurance Industry Fundamentals
The ongoing pressures of diminishing investment returns, dwindling loss reserves and intense competition are beginning to erode industry fundamentals, cautioned A.M. Best in a special report titled ...Rising Risks Could Cost Global Cities $1.17 Trillion of GDP in 2017: Cambridge Study
The costs of major shocks to the global economy from natural and manmade threats could put at risk $1.17 trillion of the total projected GDP of the world's major cities in 2017, according to the ...
With Brexit, UK Govt. Should ‘Refine Not Replace’ Solvency II: ABI
Rather than replacing Solvency II entirely when the UK leaves the European Union, regulators need to refine EU's insurance regulation to make it more appropriate for the UK market and customers, ...
Zurich Insurance’s Reunderwriting Starts to Bear Fruit
Zurich Insurance Group's reunderwriting program is starting to bear fruit—as evidenced by the company's improved third-quarter results—but CFO George Quinn readily admits there is still work to ...
It Could Happen. But How Much Would Calif. Quake Impacting Both NorCal, SoCal Cost?
A large earthquake along the San Andreas fault impacting both Northern and Southern California at the same time could wreak much more havoc than previously thought. In fact, such an event was ...
New Technologies Improving Hurricane Mitigation and Building Resiliency
New technological developments are now poised to reduce the likelihood of hurricane wind damage and to improve our understanding of the impact hurricanes have on existing building inventory. These ...
IACP Conference Report: Social Media’s Impact on Incidents Involving Police Use of Deadly Force
In an exclusive interview with our sister publication Claims Journal, Brian Gainer, a presenter at this year's annual International Association of Claim Professionals' conference held recently in ...