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After taking its time to consider the many variables it said would prevent a quick assessment, catastrophe-modeler Risk Management Solutions has finally released its estimate of insured losses due to Superstorm Sandy: between $20 billion and $25 billion.
A new trade association has been formed to focus specifically on a segment of the property-insurance industry that has seen substantial growth in the last several years: The Council for Insuring Private Clients (CIPC) has its sights on developing best practices for providing insurance solutions to the high-net-worth demographic.
Homesite Group Inc. has selected the Insurer Claims and Insurer Analytics components of The Innovation Groups Innovation Insurer suite to replace the company's claims administration systems. After implementation, the software will provide a business platform that will support Homesites growth in the personal lines property insurance market.
Homesite Group Inc. has selected the Insurer Claims and Insurer Analytics components of The Innovation Groups Innovation Insurer suite to replace the company's claims administration systems. After implementation, the software will provide a business platform that will support Homesites growth in the personal lines property insurance market.
The airline-insurance market continues a soft-market dip, supported by healthy market capacity and a low level of claims, according to insurance broker Aon.
Disaster modeling company AIR Worldwide raised its estimate of insured losses from superstorm Sandy substantially to between $16 billion and $22 billion.
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