Claims & Reserving
Expect Up to 8 Hurricanes During the 2019 Atlantic Hurricane Season
As many as 8 hurricanes may form in the Atlantic in 2019, a "near normal" season following two years of storms that have left a trail of death and destruction in the Caribbean and U.S. coast. Nine to ...
Brazil Is Suing Top Tobacco Firms to Recover Public Health Treatment Costs
Brazil is suing the world's largest cigarette makers, British American Tobacco Plc and Philip Morris International, in a landmark case aimed at recovering the public health treatment costs of ...
Bankrupt California Utility Allowed to Establish a $105M Wildfire Victim Fund
PG&E Corp may set up a $105 million housing fund for victims of 2017 and 2018 wildfires in California, which set records for devastation and were blamed on the utility's equipment, the judge ...
Wild U.S. Weather Switcheroo Could Further Soak Midwest, Dry Out South
Different parts of the U.S. are set to see wildly disparate weather conditions next week, potentially rattling energy and agricultural markets. A potentially record-setting heat wave will probably ...
Ship Attacks Prompt London Marine Insurers to Widen Middle East Threat Zone
London's marine insurance market has extended the list of waters deemed as high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday. ...
Europe’s Biggest Insurers Hit With Massive Bill From Boeing Crashes
Europe's biggest insurers are on the hook for as much as $450 million from a pair of airline crashes involving Boeing Co. 737 Max planes. Munich Re reckons it could pay 150 million euros ($168 ...
Marine Insurance Premiums Could Rise for Some After Saudi Ship, Facility Attacks
Asian shippers and refiners have put ships heading to the Middle East on alert and are expecting a possible rise in marine insurance premiums after recent attacks on Saudi oil tankers and pipeline ...
Down From Heady Highs, the U.S. Cyber Insurance Market Still Grew 8 Percent in 2018
The U.S. cyber insurance market dropped from robust, double-digit growth in 2017 to a still-healthy single-digit increase in 2018, Fitch Ratings said. For 2018, direct written cyber premiums grew 8 ...