Reinsurance

The number of meteorological catastrophe-driven events is increasing, causing more losses internationally, but insurers have proven themselves financially capable of handling those losses, according to experts.

A report that Florida's catastrophe funds have over $2 trillion in loss exposure will be clarified in the future, according to officials from the state's insurance department.

American International Group Inc. (AIG) is now free to proceed with a lawsuit alleging other insurers conspired to underreport workers' compensation premiums, which the company said skewed the market.

The new federal Affordable Care Act could potentially have a positive effect on medical malpractice liability, actuaries were told at a recent Casualty Actuarial Society (CAS) Seminar on Reinsurance.

Although reinsurers cut prices for June 1 renewals, one Bermuda-based executive speculated that price hikes in the insurance loss warranty market--fueled by the Deepwater Horizon disaster--could eventually spread to the reinsurance market.

Reinsurers are increasingly questioning the sustainability of a good casualty claims environment, and their dimmer views of future profit margins on primary business are putting them at odds with potential cedents.