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The property & casualty industry continued to release reserves in 2010, but this part of the reserving cycle may be coming to an end, says a report on loss reserves from Conning Research & Consulting.
XL Group says April and May tornado-spawning storms in the U.S. are expected to cause losses of between $50 million and $75 million, pretax and net of reinsurance and reinstatement premiums.
Catastrophe risk modeler EQECAT says the latest earthquake in Christchurch, New Zealand is expected to cause an additional $3 billion to $5 billion in insured losses.
Four people, including a radiologist and neurologist, are facing hundreds of criminal charges in a $17 million workers' compensation insurance fraud scheme in Orange County, Calif.
Oracle Insurance announces the newest release of Oracle Revenue Management and Billing for Insurance, the latest version of Oracles system for billing, payment and collections management.
In response to market demand and the challenges faced by vendors in the insurance software marketplace, ITS Data Services has created two new service offerings.
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