News

A story last week that Nationwide would not cover claims from fracking has created some confusion and should never have been a story in the first place, says Robert Hartwig, president of the Insurance Information Institute.

An estimated four billion peoplemore than half the worlds populationwill be tuning in to what the BBC calls the first truly Digital Olympics.

All indicators point to continued firming of the insurance and reinsurance markets for the rest of this year into next, as underwriting margins continue to deteriorate and investments deliver lackluster returns, an analysts report says.

Canceling the London Olympics due, for example, to a security threat would result in damages of more than $4.9 billion, Andrew Duxbury, underwriting manager at Munich Re, told a German newspaper.

Property and casualty insurer Cincinnati Financial Corp estimated a significantly lower impact due to catastrophe losses during the second quarter and said it expects to continue to benefit from favorable pricing trends.

ACORD announces the completion of a research study on data and analytics in insurance, conducted by Strategy Meets Action (SMA) in which North American members explained their priorities and plans for leveraging data and analytics for competitive advantage and included the future role of standards.