Losses on this scale, which at the upper end would be the highest on record in a single year, could weaken capital at some reinsurers and increase the risk of rating downgrades.
Swiss Re offers natural catastrophe business interruption insurance in Guatemala through MiCRO. Learn more about the program and how it helps the under-insured.
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.