Reacting to an expert's negative comments about insurance companies' use of catastrophe models, industry representatives said carriers have improved their use and understanding of models since Hurrica
With over $1 billion in tornado losses hitting insurers, first-quarter 2008 twister loss totals have blown past comparable first-quarter loss totals for the last four years, A.M. Best reported yesterd
Insurance industry trade groups balked at calls to require carriers to collect and disclose more information about how climate change might impact their operations, investments and fiscal stability
William Riker, the recently retired president and chief underwriting officer of Bermuda-based RenaissanceRe Holdings Ltd., was given a Special Award at the 2008 National Hurricane Conference, RenRe an
Insurers "need to factor in issues surrounding climate change and must look to incorporate long-term weather trends into their pricing," advised Tom Hettinger, managing director of the San Diego-based
The study reported worldwide there were 143 natural catastrophes and 193 manmade disasters in 2007. These resulted in the loss of 20,000 lives and $70 billion in economic losses. Property insurers
ORLANDO, FLA.--Insurance industry trade groups and advocates for expanded climate change data clashed yesterday at a session here examining proposals for reporting climate change's fiscal impact on ins
ORLANDO, FLA.--Insurance industry trade groups and advocates for expanded climate change data clashed yesterday at a session here examining proposals for reporting climate change's fiscal impact on ins
While no insured loss totals were available, PCS generally declares a catastrophe when there is an insured loss of more than $25 million and an impact on a significant number of policyholders and
While no insured loss totals were available, PCS generally declares a catastrophe when there is an insured loss of more than $25 million and an impact on a significant number of policyholders and ins