Risk & Capital Management
UN: Global Natural Disasters Cost About $300B Annually
Global economic losses from natural disasters like earthquakes, floods, droughts and cyclones cost an average of $250-$300 billion annually, according to a recent U.N. report. The report, produced by ...
Air Travel Safer in 2014 Despite Malaysian Disasters
Last year was by some measures the safest in the history of commercial aviation, despite two high-profile crashes involving Malaysia Airlines aircraft in which hundreds of people were killed, a ...
Shared Capital Impacting Insurance Industry: Berkley
The U.S. economy is evolving in many ways, most significantly when it comes to both the cost of capital and the ownership of capital, and that change in capital ownership is a challenge for the ...
Climate Change Modeling on Cusp of Paradigm Shift
In the face of growing interest in climate change impacts, several big catastrophe modelers said they've heard from more clients interested in receiving climate-related data and they believe the ...
Allianz P/C Earnings Hit Below Expectations
German insurer Allianz raised its dividend by less than expected after earnings in its core property and casualty insurance businesses lagged and asset management stalled following client defections ...
Allstate Sees Energy Bond Losses Deepen As Oil Prices Plunge
Allstate Corp., the largest publicly traded U.S. seller of auto and home insurance, said gross unrealized losses widened on energy bonds in the fourth quarter as crude prices plunged. Losses climbed ...
Amica Mutual CEO: 2014 Was When ‘Everything Came Together’
Amica Mutual Insurance Co. boosted its net income, added 46,000 more policies and improved its combined ratio in 2014, the insurer disclosed this week. "It was a year everything came together," Amica ...
Good Weather Helped Allstate’s Profit Beat Estimates; Massive Buyback Planned
Allstate Corp., the largest U.S. publicly traded seller of auto and home insurance, said it would repurchase as much as $3 billion of its stock as fourth-quarter profit exceeded analysts' estimates. ...