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Global reinsurers may struggle to replenish capital if they suffer large catastrophe losses in the current financial market and economic environment, Fitch Ratings said today.
Claims Magazine is twittering every day about breaking news and timely topics -- not to mention keeping readers up to date on what's being posted on claimsmag.com.
The largest of the California wildfires, known as the "Station Fire," has burnt more than 140,000 acres, destroyed 62 "dwellings," and is 22 percent contained, said the Insurance Information Network of California.
The factors contributing to Fitch Ratings' negative outlook for the global insurance industry are unlikely to improve enough in the near term to allow for a revision to a stable outlook, the company reports.
Are producers and insurers ethically bound to recruit new blood into the industry, and if so, how? To see how readers responded, and file your own comments, check out NU Editor Sam Friedman's blog at www.NUSamSoapBox.com.
To keep up with the latest breaking stories and trends in insurance technology, follow Tech Decisions Editor Sharon Schwartzman at http://twitter.com/techdecisions.
At the recent VCIA conference in August, a rumor was being circulated that Bill White could be the next captive administrator of the U.S. Virgin Islands. Get the scoop at www.NoRiskZone.com.
Hurricane Jimena is currently a "strong Category 4 hurricane" and continues toward the Baja California Peninsula, according to risk modeler RMS.
The CPCU Society named Douglas J. Holtz to the one-year term of president and chairman during the association's 65th annual meeting in Denver yesterday.
Daytona Beach, Fla.-based insurance broker Brown & Brown Inc. said it has acquired the group employee benefits division of Roussel & Associates, LLC, located in Brentwood, Tenn.
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