Slightly is the budget word for 2013, just as it was in 2012. In Novaricas latest survey on U.S. insurer IT budgets and projects for 2013, one of the key findings is that most insurers expect to increase budgets for next year only slightly, according to Matt Josefowicz, Novaricas partner...

Slightly is the budget word for 2013, just as it was in 2012. In Novaricas latest survey on U.S. insurer IT budgets and projects for 2013, one of the key findings is that most insurers expect to increase budgets for next year only slightly, according to Matt Josefowicz, Novaricas partner...

Expectations that catastrophe bond investors will not lose money as a result of superstorm Sandy have been shaken by an estimate that losses for insurers from the Oct. 30 storm will top $20 billion.

Following Superstorm Sandy, one thing became clearer to Beazley: there is a need for event cancellation coverage.

Home and auto insurer Allstate Corp., considered to be one of the companies most exposed to insured losses from superstorm Sandy, said it expects October catastrophe losses to exceed $150 million though a full estimate cannot be made at this time.

Home and auto insurer Allstate Corp., considered to be one of the companies most exposed to insured losses from superstorm Sandy, said it expects October catastrophe losses to exceed $150 million though a full estimate cannot be made at this time.

HCC Specialty's Glenn Dorr has joined Lloyd's America to become its Northeast region director.

HCC Specialty's Glenn Dorr has joined Lloyd's America to become its Northeast region director.