What are the most relevant factors that make businesses vulnerable to significant damages from employment practices risk? Kathleen Long, co-founder and CEO of Montage Analytics, which is rolling out the EPL Risk Index later this year, says employees’ perceived lack of “organizational justice” and poor employee appraisal processes are among...

What are the most relevant factors that make businesses vulnerable to significant damages from employment practices risk? Kathleen Long, co-founder and CEO of Montage Analytics, which is rolling out the EPL Risk Index later this year, says employees’ perceived lack of “organizational justice” and poor employee appraisal processes are among...

Management liability insurers may smell trouble ahead in the wake of two U.S. Supreme Court rulings delivered on Tuesday—one increasing securities litigation potential and the other easing the process of bringing certain types of employment cases.

While roughly 11.0 points of catastrophe losses hit the combined ratios of Bermuda insurers and reinsurers in 2010, they still managed to report nearly 9.0 points of underwriting profit. Favorable loss reserve development from prior years helped soften the blow according to an NU data analysis.

In the wake of a magnitude 9.0 earthquake that struck Japan on March 11, with insured-loss estimates reaching as high as $35 billion, analysts and rating agencies fell on either side of the debate about whether the event will cause a turn in the long-running soft-market cycle.

The insurance industry is just beginning to grasp the consequences following the massive earthquake and tsunami in Japan late last week, with one catastrophe modeler estimating insured property losses at $35 billion.

Although Bermuda insurers and reinsurers were hit with more than $3.5 billion in catastrophe losses from worldwide disasters in 2010, roughly $2.7 billion in favorable prior-year loss development helped cushion the blow, according to NU tallies.

RenaissanceRe CEO Neill Currie explains why his company decided to sell its U.S. insurance businesses late last year