Claims & Reserving
U.S. P/C Industry 2012 Income $33.5B In Spite Of $32B In Cat Losses
U.S. property/casualty insurers absorbed net insured catastrophe losses of more than $32 billion last year, but still managed to post $33.5 billion in net income in the aggregate—in part because ...
Fitch Commercial Lines Analysis: Workers’ Comp Weak; Med Prof Deteriorating
Accident-year loss ratios for all major commercial insurance lines except medical professional liability insurance improved in 2012, but none of them produced an accident-year underwriting profit ...
Florida Sues BP On 3-Year Anniversary Of Oil Spill
Florida's attorney general has filed a lawsuit against BP and Halliburton on the three-year anniversary of the 2010 Gulf oil spill. Pam Bondi filed the 40-page lawsuit Saturday in federal court in ...
PwC’s Latest Securities Litigation Study Confirms Downward Trends
While the first three quarters of 2012 saw an average of 46 cases, securities litigation filings decreased dramatically in the fourth quarter, to 33 cases—the lowest level since the 30 cases filed ...
EPA Blamed For Delays In Asbestos Study In Montana
Internal investigators faulted the Environmental Protection Agency on Thursday for years of delays in completing health studies needed to guide the cleanup of a Montana mining town where hundreds of ...95% of N.Y. Sandy Claims Closed
Almost 95 percent of Superstorm Sandy-related personal and business insurance claims in the New York State have now been closed, regulators reported. The states compiles data from 24 major insurers ...
What to Expect In Commercial Insurance Claims, Prices for Remainder of 2013: Willis
Although a recent broker report on property/casualty pricing expectations puts some commercial casualty hikes into double-digit territory this year, the overall message of Willis' 2013 Marketplace ...
New Deadly Bird Flu Has Scientists Worried About Pandemic Risk
Genetic sequence data on a deadly strain of bird flu previously unknown in people show the virus has already acquired some mutations that might make it more likely to cause a human pandemic, ...