Insurer Allstate Corp. posted a bigger-than-expected quarterly loss on Tuesday as claims related to higher catastrophic events offset gains from strong investment income. The insurer’s adjusted second-quarter loss widened to $4.42 per share from 75 cents a year earlier. Analysts …
The trail of destruction left by Hurricane Irma as it churned along the west coast of Florida in 2017 included a high-end resort hotel with an adjacent golf course, spa, entertainment center and numerous restaurants. The sheer size of the …
Clara Analytics Hires CEO Clara Analytics, a data analytics provider to the commercial insurance industry, has appointed Gary Hagmueller as chief executive officer as the founder of the company steps down from the helm to take over the role of …
Zurich Insurance Group AG fell in Zurich trading after posting a quarterly profit supported by one-time gains as Chief Executive Officer Mario Greco presses ahead with an overhaul of Switzerland’s largest insurer. Net income for the three months through December …
York Risk Services Group, a claims management, managed care and risk management services provider, announced it has expanded it’s national catastrophe claims response capabilities with the acquisition of Missouri-based Quick Cat LLC. Quick Cat provides commercial daily and catastrophe claims …
The state-sanctioned property insurance program in North Carolina coastal counties could borrow to pay for extreme catastrophic losses from hurricanes in legislation making its way through the General Assembly. The House Finance Committee recommended Thursday legislation creating a public authority …
Reinsurers may fail to increase rates they charge primary carriers for their backstop coverage when they begin price talks for 2014 in Monte Carlo this week. “I expect the market staying flat to ticking down, on the absolute premium,” Amer …
ESIS, a risk management services company owned by the ACE Group, today announced that it now has its own global network with twelve ESIS hubs in the United Kingdom, South Africa, Spain, Belgium, Germany, Singapore/Malaysia, Hong Kong, Australia, Japan, Mexico, …
Esri announced that the Catastrophe Services Department of the Property Loss Research Bureau (PLRB) has released a mobile version of PLRB Map, a mapping service that provides real-time severe occurrence data and information to members of PLRB, an association of …