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Remember the days when business leaders thought a technology solution might help solve some of their problems? Technology no longer assists carriers, it is central to the daily functions of virtually every business in this county and insurerscarriers and agenciesare no exception.
The U.S. Treasury Department said on Friday it has completed its final sale of common stock in American International Group, reducing its shares in the insurer to zero four years after a massive government bailout.
Businesses must put more effort into pre-planning for business interruption going into 2013, says a new Zurich report naming supply-chain disruption as the top risk blind spot of the year.
Fitch Ratings says that, barring a rash of catastrophic losses or an increase in inflation, the property and casualty insurance industry should remain stable into 2013.
Independent reinsurance-brokerage firm Holborn says insured losses from Superstorm Sandy could reach $30 billion. The firm also says modelers' assumptions of flood losses mistakenly paid by personal-lines insurers are exaggerated.
Independent reinsurance-brokerage firm Holborn says insured losses from Superstorm Sandy could reach $30 billion. The firm also says modelers' assumptions of flood losses mistakenly paid by personal-lines insurers are exaggerated.
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