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The Chubb Corp expects to report $200 million to $240 million in catastrophe losses for the second quarter, before taxes, due to severe hail and wind storms in the U.S., the insurer said on Tuesday.
The risk of flooding for many English homes and businesses could increase fourfold by 2035 if more action to deal with the impact of climate change is not taken, government advisers said on Wednesday.
Japanese insurers are expanding their maritime coverage to allow more domestic tankers to transport Iranian crude, as Tokyo looks to keep oil flowing despite tough Western sanctions, industry sources said on Wednesday.
Oracle announces the availability of Oracle Insurance Solvency II Analytics, a solution designed to help insurers quickly understand and comply with Solvency II reporting requirements and better assess and manage risk using a single unified platform.
Oracle announces the availability of Oracle Insurance Solvency II Analytics, a solution designed to help insurers quickly understand and comply with Solvency II reporting requirements and better assess and manage risk using a single unified platform.
Acquisitions for CBIZ, OneBeacon Insurance Group and Marsh & McLennan, Chartis launches new yacht loss prevention program and Aon expands rent protection program to more U.S. states
In personal lines insurance, there is a heavy reliance on what a new policy system can do for a carrier, but in claims, the approach is different, particularly when it comes to an investment in new claims systems.
In personal lines insurance, there is a heavy reliance on what a new policy system can do for a carrier, but in claims, the approach is different, particularly when it comes to an investment in new claims systems.
Reinsurance renewals continue to firm, but ample capacity is offsetting some pricing pressures produced by past catastrophe activity and catastrophe-model changes, says reinsurance broker Guy Carpenter.
Reinsurance renewals continue to firm, but ample capacity is offsetting some pricing pressures produced by past catastrophe activity and catastrophe-model changes, says reinsurance broker Guy Carpenter.
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