Underwriting & Pricing
NC Residual Market Prepped For Storms With $500M In Cat Bonds, HO Rate Hikes
North Carolina's two residual homeowners insurance markets have jointly issued $500 million in pre-event catastrophe bonds to ensure they have enough money on hand to quickly pay claims following ...
Keeping Up With Emerging Risks Remains A Struggle For P/C Carriers
The property/casualty insurance industry depends on lots of data to develop products and price them, making the coverage of new risks a significant challenge for underwriters, a London specialist ...
Airline Insurance Premiums Continue to Fall: Willis
Insurance premiums for airlines continued to go down during the first half of this year in what remains a buyers' market, according to a report by Willis Group Holdings. The loss of an Asiana B777 ...
RMS(one) Explained
When RMS developed its recently unveiled software platform RMS(one), the catastrophe modeling firm had a wide range of potential users in mind—many of whom are not accustomed to tinkering around ...
Senate Bill Would Again Separate Banking from Insurance, Other Financial Services
A small bipartisan group of U.S. senators on Thursday introduced legislation that would break up Wall Street's megabanks by separating traditional banking activity from riskier financial services. ...
Top 10 U.S. Aircraft Insurers: SNL
American International Group Inc. (AIG) has been reported to be the lead insurer for the recent Asiana Flight 214 tragedy in San Francisco. AIG's role is not surprising, given its presence in Asia ...
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," ...