News

Hurricane forecasting organizations are predicting an above-average storm season, which may once again yield very disproportionate conclusions for insurers depending on how severe the storm season is,

Work conducted by students and faculty in the new lab will help advance the field of fire science and engineering to help reduce risk and improve fire prevention, the leading cause of commercial and i

The $800 million-plus sale of Hannover Re's U.S. subsidiary Praetorian Financial Group Inc., New York, to the Australian QBE Insurance Group Ltd., Sydney, was closed yesterday after regulators gave ap

The program for the multicountry disaster facility includes a combination of traditional excess of loss reinsurance and a funded cat swap derivative agreement. This will cover parametric insurance pol

NEW YORK--With the hurricane season starting today, reinsurers find close to 30 percent of their catastrophe capacity dedicated to Florida, but they are still in good shape to bear a couple of major lo

Regulators and industry representatives will attempt to refine a catastrophe plan at the National Association of Insurance Commissioners summer meeting starting today with sharp divisions remaining ov