Catastrophe models will continue to be exposed by events like Superstorm Sandy because they can fail to contemplate all possible sources of loss, says Lockton Cos.

AXIS Capital Holdings Ltd. reported a fourth-quarter net loss of $19 million primarily on losses from Superstorm Sandy.

While insurance-industry representatives are throwing their support behind a bill to extend the Terrorism Risk Insurance Act in its current form, recent comments from other interests show that TRIA proponents will have their work cut out for them to prove that the program is still necessary.

While insurance-industry representatives are throwing their support behind a bill to extend the Terrorism Risk Insurance Act in its current form, recent comments from other interests show that TRIA proponents will have their work cut out for them to prove that the program is still necessary.

FFVA Mutual Insurance Company has integrated Valen Technologies latest predictive analytics product suite, InsureRight 2.0, into the insurers underwriting practices for workers compensation services, helping to make loss ratio improvements and more accurately set risk-based pricing.

FFVA Mutual Insurance Company has integrated Valen Technologies latest predictive analytics product suite, InsureRight 2.0, into the insurers underwriting practices for workers compensation services, helping to make loss ratio improvements and more accurately set risk-based pricing.

Bucking the trend of other property and casualty insurance companies hit hard by Superstorm Sandy, Markel Corp. reports its net income increased by 11 percent during Q4 2012.

Bucking the trend of other property and casualty insurance companies hit hard by Superstorm Sandy, Markel Corp. reports its net income increased by 11 percent during Q4 2012.