Underwriting & Pricing
Marsh Urges Energy Insurance Market to Rethink Cyber Clauses
There have been many instances in the past where the property insurance market has responded to events that have contributed significant losses by seeking broad exclusionary language to prevent ...
Thousands Feared Dead from Typhoon Haiyan; Tsunami-like Surge Levels Houses
One of the most powerful storms ever recorded may have killed at least 10,000 people in the central Philippines, a senior police official said on Sunday, with huge waves sweeping away coastal ...
We Can Write Terror Risk, Industry Execs Say
At least two property/casualty insurance and reinsurance industry executives highlighted the industry's capacity to write terrorism coverage during recent earnings calls, with the most forceful ...
82% of P/C Insurers Using Predictive Analytics: Earnix/ISO Research
A survey of North American insurance professionals reveals widespread use of predictive analytics in the property/casualty insurance industry, with as many as 82 percent responding that they use ...
Wrongful Incarceration Suits Surge Giving Rise To Insurance Coverage Trigger Issues
On Dec. 17, 1990, 17-year-old Jeffrey Deskovic was convicted by a Westchester County, N.Y., jury of the rape and murder of a 15-year-old high school classmate. Deskovic was sentenced to 15 years to ...
Insurer Seeks to Rescind Robotic Surgery Company Policy
Intuitive Surgical Inc., the maker of robotic-surgery devices targeted by patient lawsuits, was sued by an insurer alleging the company hid the number of legal claims it might face when buying ...
AIG Earnings Show Progress and Room for Improvement: Analysts
American International Group Inc. reported earnings nearly in line with expectations on Thursday, but the stock fell after hours as analysts still saw room for improvement in the insurer, which ...
Liberty Mutual Q3 Profit Up 3.4% to $481M; Core Underwriting Results Improved
Liberty Mutual Holding Co. Inc. reported net income of $481 million for its 2013 third quarter, a 3.4 percent jump from $465 million profit reported one year ago, reflecting improved core ...