Modeler AIR Worldwide said insured losses from Hurricane Karl, which struck Mexico twice last week, will be in the range of $100 million to $200 million.
With fall approaching, small business owners are managing shifting seasonal needs while buckling down in the face of economic uncertainty -- creating an opportunity for agents.
Mutual insurers have lived long and prospered thanks in large part to their unique business model, focusing on the concerns of policyholders rather than outside investors, the incoming chair of NAMIC says.
Rating agencies, carriers and brokers spent the week here at the annual reinsurance rendezvous speculating about how long the currently soft but stable market can be sustained, given the looming threats on the horizon.
Tropical cyclone activity continues to heat up in the Atlantic as Hurricane Igor becomes one of the most potent storms in three years and Julia becomes the fifth hurricane of the season.
Rating agencies, carriers and brokers spent the week at the annual Monte Carlo Reinsurance Rendezvous speculating about how long the currently soft but stable market can be sustained, given the looming threats on the horizon.
Tropical cyclone activity continues to heat up in the Atlantic as Hurricane Igor becomes one of the most potent storms in three years and Julia becomes the fifth hurricane of the season.
MONTE CARLO--Regulation is one of the biggest issues now facing the insurance and reinsurance industry, Lloyd's chief executive said at a breakfast meeting here.