Claims & Reserving
States Weaken Commercial Host Liability Laws: Study
A new report says that in recent years many states have enacted legislation to protect retailers from commercial host liability by increasing the evidentiary requirements, limiting the amount of ...
Seven Straight Years of Reserve Releases: Fitch
Property/casualty industry prior-year loss reserves have developed favorably for seven straight calendar years, according to a new report from Fitch Ratings, which also says the industry reserve ...
Next Week Could Be Key for Atlantic Hurricane Season
The Atlantic hurricane season is about to enter its most active phase as conditions for the powerful storms improve across the basin. Wind shear that can tear budding storms apart has been ...
U.S. Captives Saw Losses, Expenses Rise in 2012: A.M. Best
Captive insurance companies tightened margins and used capital more efficiently in 2012, according to research by ratings firm A.M. Best Co. Among A.M. Best's captive composite, the loss and loss ...
Designation of Obesity as Disease Could Affect Workers’ Comp
The recognition of obesity as a disease may have a significant impact on workers' compensation claims, according to a from the California Workers' Compensation Institute The group issued the report ...
Swiss Re Reports Better-Than-Expected Profit Despite Flood Losses
Swiss Re shrugged off the cost of floods in Europe to post a better-than-expected second-quarter profit on Thursday and said it could beat its main annual performance target if claims remain stable ...
U.S. Railway in Quebec Disaster Gets Canada Bankruptcy Protection
The U.S. railway whose runaway train killed 47 people in a tiny Quebec town last month was granted bankruptcy protection from a Canadian court on Thursday and took steps in that direction in a U.S. ...