Underwriting & Pricing
Louisiana’s Assumption Parish Sinkhole Growing
A sinkhole in swampy Assumption Parish grew to 12 acres over the weekend, and officials said Monday they are monitoring the threat that another area nearby could liquefy into muck. Lawmakers on the ...
Too Much Analysis Primes Whistleblower Suits: Lawyer
If your company uses a detailed analytical process to arrive at projections of growth or earnings, that process may make you particularly vulnerable to shareholder suits when forecasts don't pan out, ...
Cyber Insurance Buys Up 33% in 2012, Prices Flat, Underwriters Asking Questions: Marsh
More companies are turning to cyber insurance to protect their organizations from the financial consequences of a data breach or cyber attack, according to a recently issued report by Marsh, which ...Court Upholds Florida OIR Position On Sinkhole Coverage
A Florida court has upheld a decision by state insurance regulators that property insurers must offer sinkhole loss coverage in an amount equal to the dwelling coverage limit. Farm Bureau asked the ...India Ready To Stop Iran Oil Imports As Insurers Drop Coverage, Refiner Says
India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of ...
U.S. Drought Conditions Improve In Many States, But Not Texas
Winter wheat growers in the U.S. High Plains were enjoying improved soil-moisture conditions in some key growing areas as the region's drought levels continued to retreat, according to a report ...
P/C Execs Should Look For Best Fit, Not “Right Answers” From Cat Models
Catastrophe models in the property/casualty insurance sector have been under intense and increasing scrutiny for more than a decade. The 9/11 terrorist attacks, coupled with significant losses from ...
Statutory Filings’ Analysis Reveals Adverse Development For Recent Prior Years: Assured Research
Twelve of the top-25 insurance groups reported adverse reserve development for accident-years 2010 and 2011 during calendar-year 2012, according to new research conducted by Assured Research LLC. In ...