Two sessions tomorrow will detail successes carriers have achieved using mobile technology in the U.K., Japan and other markets, exploring ways that U.S. insurers can learn from those successes.
Storms in April, mostly throughout the U.S. Southeast, are expected to cause insured losses of around $4 billion—possibly as high as $5.5 billion, according to recent estimates.
Storms that spawned deadly tornadoes in the South from April 19 to April 27 are expected to cause between $2 billion and $5 billion in insured losses, according to modeling firm EQECAT.
PropertyCasualty360.coms Claims Channel Editor Christina Bramlet is twittering every day about breaking news and timely topics. Check out the latest claim-related tweets.
William R. Berkley, chairman and CEO of W.R. Berkley Corp., says the company isn’t planning any celebratory parties, but for the first time in about four years the commercial-lines writer can say prices during a quarter were up, albeit very slightly.
Aon Benfield says the severe weather events resulted in 20,000 insurance claims in the Southeast and the Mississippi Valley with payouts exceeding $120 million.
William R. Berkley, chairman and CEO of W.R. Berkley Corp., says the company isn’t planning any celebratory parties, but for the first time in about four years the commercial-lines writer can say prices during a quarter were up, albeit very slightly.
A global hardening of prices in the property and casualty industry will likely not occur despite one of the worst quarters in underwriting history, says global investment bank Keefe, Bruyette & Woods.