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Its not true that insurance carriers are averse to paying claims, its just that many insurers hate paying claimants that dont deserve the moneyparticularly those who file fraudulent claims that end up costing honest policyholders in the long run.
Copper was targeted in 96 percent of all metal thefts in the past three years, reports the National Insurance Crime Bureau (NICB), with criminals going after business owners and homeowners evenly.
Risk Management Solutions has conducted risk analysis for two new catastrophe bonds: Bosphorus Re 1 Ltd. cat bond and the Tar Heel Re Ltd. cat bond, launched in April 2013.
A new report takes issue with the current structure of the federal crop insurance program, arguing that in many cases it allows growers to make more money from insurance payouts than they would from a healthy harvest.
A new report takes issue with the current structure of the federal crop insurance program, arguing that in many cases it allows growers to make more money from insurance payouts than they would from a healthy harvest.
Swiss Re says its 2013 first-quarter net income climbed to $1.4 billion, compared to $1.1 billion for the same period a year ago, with improvements in the groups property and casualty reinsurance business acting as a key driver for the results.
Swiss Re says its 2013 first-quarter net income climbed to $1.4 billion, compared to $1.1 billion for the same period a year ago, with improvements in the groups property and casualty reinsurance business acting as a key driver for the results.
In what its CEO characterized as an excellent start to the year, Marsh & McLennan Cos. reports first-quarter revenue of $3.1 billion, a 2 percent increase over the same period last year.
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