Reinsurance

Tropical Storm Colin moved out to sea early Tuesday after knocking out power to thousands, prompting Florida Governor Rick Scott to declare a state of emergency.

The economic losses could be significantly higher, given that only a third of home-insurance policies in Germany include natural hazard cover.

When Augusto Russell looks back on his career as a P&C agent, he says he is most proud of having the courage to leave the insurance industry.

Insurance executives met with government officials in Paris Monday to assess the cost of flooding in the Centre and Ile-de-France regions as the Seine river recedes.

A disorganized Tropical Storm Colin in the Gulf of Mexico is forecast to cross Florida overnight threatening evacuations in the states northern and central regions.

The insurance industry is facing a number of existential challenges, yet most insurers have been reluctant to reinvent their products and operations.