Almost 25 years have passed since a Category 5 hurricane struck south of Miami, and the city’s vulnerability to catastrophic storm damage has grown exponentially, according to a new insurance underwriters’ analysis. At the time, Hurricane Andrew was the most …
Earthquakes, hail, thunderstorms and Hurricane Matthew resulted in the largest insurance losses in 2016. Total economic losses from natural catastrophes and man-made disasters in 2016 are estimated to be $158 billion in 2016, according to figures released by Swiss Re. …
CSAA Insurance Group Appoints Huebner Chief Risk Officer CSAA Insurance Group, a AAA Insurer, announced the appointment of Jeff Huebner as the company’s new chief risk officer. In his new role, Huebner will be responsible for managing all aspects of …
Windham Group Establishes New IME Company Serving Workers’ Comp Industry N.H.-based The Windham Group has launched Logical IME, a new independent medical examination company serving workers’ compensation payers. Conducted by physicians who specialize in treating the condition and who have …
Swiss Re Corporate Solutions Appoints Gonzalez as CEO North America Swiss Re Corporate Solutions announced the appointment of Ivan Gonzalez as CEO North America. He moves from his current position as CEO Latin America and assume the new role on …
Chubb’s Wikoff Appointed CNA AVP, Management Liability Zone Leader CNA appointed Mike Wikoff assistant vice president, Management Liability Zone leader for the Central Zone. In this role, Wikoff is responsible for providing overall Public and Private Company management liability underwriting …
Walsh Joins York as President, Risk Management Practices York Risk Services Group, a national provider of claims management, managed care, specialized loss adjusting, alternative risk programs, pool administration and other insurance services, named Patrick J. Walsh as president of York’s …
Insured losses from global catastrophes and man-made disasters reached $37 billion in 2015, well-below the $62 billion average of the previous 10 years. The Tianjin explosions caused the biggest insured loss, according to the latest Swiss Re sigma study. There …
PDA Extends Appraisal Services to Financial Sector Property Damage Appraisers (PDA) is spreading the word about one of its core business practices that many may not know about – financial services. PDA’s appraisal services are ideal for banks, credit unions …
American International Group Inc., the insurer stung by losses on higher-than-expected claims costs, said Swiss Re AG has agreed to take on some of the company’s risks tied to casualty policies. The two-year reinsurance deal will help AIG be more …