Super Typhoon Haiyan destroyed about 70 to 80 percent of structures in its path as it tore through Leyte province on Nov. 8. Huge waves from one of the strongest storms ever recorded swept away coastal villages.
Insureds must soon decide whether to settle their Sandy claims or file suit. Misnomers about the industry are rampant, but prudent claims-handling practices will help carriers avoid bad faith and extra-contractual damages.
Insureds must soon decide whether to settle their Sandy claims or file suit. Misnomers about the industry are rampant, but prudent claims-handling practices will help carriers avoid bad faith and extra-contractual damages.
The market for non-life insurance linked securities reached $2.2 billion for the second quarter of this year, bringing the first-half 2013 total to $3.8 billion after a historically strong first quarter, a new report says.
OneBeacon Insurance Group says it has finalized the sale of subsidiary Essentia Insurance Co.a provider of collector car and boat insurance through Hagerty Insurance Agencyto Markel Corp.
Insurer OneBeacon says it expects an after-tax charge of $101 million in the third quarter related to a deal to sell its runoff business to an affiliate of Bermuda-based Armour Group Holdings.