After being conveyed by an insurance executive, an insured-loss estimate of up to $25 billion from Superstorm Sandy is confirmed by catastrophe modeler RMS.
A report from SNL Financial indicates that, based on recent catastrophes, reinsurersincluding the NFIPmay be footing a good portion of the bill left by Superstorm Sandy.
Four reinsurers posted positive numbers for the second quarter of this year as a benign catastrophe season helped lift net income considerably over last years second quarter.
The Heartland Institute and its insurance-centric Washington unit are negotiating a divorce, a process said to be accelerated by distress over the institutes now-suspended ad campaign linking support for global warming with serial killers.
Two Bermuda reinsurers report positive gains in their net earnings for the first quarter of this year helped by light catastrophe losses during the period.
Two Bermuda reinsurers report positive gains in their net earnings for the first quarter of this year helped by light catastrophe losses during the period.
Investment yields, low interest rates, less-favorable reserves and high catastrophe losses are working together to create a market hardening, according to reinsurance and specialty-insurance executives on various earnings conference calls this quarter.