incurred claims News

North Dakota Insurance Fund Continues to Pay Despite Rising Claim Costs

A 30-year-old self-insurance pool has been paying off well for North Dakota political subdivisions, despite large claim losses in 2015. “It’s worked extremely well,” said Steve Spilde, chief executive officer of the North Dakota Insurance Reserve Fund. “We instituted a …

Most Challenging Protection and Indemnity (P&I) Renewal in a Decade: Willis

The upcoming Protection and Indemnity (P&I) renewal is poised to be the most challenging in a decade as a result of difficult economic conditions for ship operators, poor underwriting results and some of the largest claims in history, according to …