Underwriting & Pricing
Insurers Serving Fresh Supply of Political Risk Coverage for Uncertain World
Tourism, manufacturing and resources companies surveying an unpredictable world are increasingly having to consider insurance against political risks, and the insurance industry is gearing up to ...
XL Among Insurers of Railway Involved in Deadly Quebec Explosion
XL Group Plc said it's among the insurers of the railroad involved in Canada's worst train disaster in 27 years. XL "can confirm that we are an insurer of the Montreal, Maine & Atlantic Railway," ...
Chubb Estimates Q2 Cat Losses at $240M
The Chubb Corp. estimates that catastrophe losses in the second quarter will be approximately $240 million before tax, or $156 million after tax ($0.60 per share after tax). The company said that ...
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. ...
U.K. Regulator Reviewing Insurance Add-On Products
The U.K. markets regulator is reviewing whether there is enough competition in insurance add- on products, which are sold along with purchases such as vacations or a car. The market study is looking ...
Commercial Lines Prices Up by 5% Again in June: MarketScout
Increases for commercial property/casualty insurance rates in the United States were again about 5 percent during June, the fourth straight month at that pace. According to the latest composite index ...
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 ...