Insurers from Lombard to AIG are bracing for a surge in Indian claims to a 10-year high after unprecedented floods last week ravaged the city that is home to Ford and BMW factories.
As commercial insurance clients are becoming more cost conscious and focused on price and coverage limits more than long-term relationships, insurers must be more responsive and attentive than ever. Will businesses be willing to turn to external partners to finance their risk, or perhaps might they throw caution to the...
A Jersey City, N.J. man has filed a federal class-action, breach-of-contract lawsuit against a group of nine insurers he says is denying claims based on their flawed definition of a basement.
A Jersey City, N.J. man has filed a federal class-action lawsuit against a group of insurers he says are denying claims based on an allegedly flawed definition of a basement.
New Jersey Manufacturers Insurance Company says it will take a loss of more than $300 million from Superstorm Sandy, the largest loss in the companys history.
A ban on European Union insurers covering Iranian oil exports has forced shipowners to fall back on new, untested insurance providers, raising fears that governments may have to pay in the event of an oil spill.
Catastrophe losses for the first half of 2012 were mild compared to the previous year and notably below the 10 year average, according to a report from German insurer Munich Re.
Oracle announces the availability of Oracle Insurance Solvency II Analytics, a solution designed to help insurers quickly understand and comply with Solvency II reporting requirements and better assess and manage risk using a single unified platform.