Hurricane Barry Cost Economy $600M, Insurers $300M: Aon Catastrophe Report August 9, 2019 Total economic losses, largely flood-driven, were expected to exceed US$600 million, while public and private insurers paid out nearly US$300...
China Braces for Typhoon Lekima as Strongest Storm to Hit Region in 2019 August 9, 2019 By Samson Ellis Flights and high-speed train services were canceled in Shanghai as the strongest typhoon to hit the region this year swept...
UK’s Aviva Reports 1% Rise in 1st Half Operating Profit, Reviews Asia Business August 8, 2019 By Lena Masri Britain’s second largest insurer Aviva reported a forecast-beating 1% rise in first-half operating profit on Thursday, helped by a strong...
Zurich Insurance Expects to Beat Targets as It Enters Final Stretch of Turnaround August 8, 2019 By Patrick Winters Zurich Insurance Group AG said it expects to beat all its financial targets for the 2017-2019 period as the global...
Insurers Pressured to Drop Coverage of Canada’s Oil Sands Pipeline August 8, 2019 By Valerie Volcovici A coalition of 32 environmental and indigenous groups on Thursday urged insurers to stop underwriting the Trans Mountain pipeline to...
How AI Advances ‘No-Touch’ Resolution of Workers Compensation Claims: Opinion August 8, 2019 By Rupin Mago Many human hours are needed to sort, analyze and process workers compensation claims—the vast majority of which are low in...
Typhoon Lekima to Weaken Before Hitting Shanghai this Weekend August 8, 2019 By Brian K. Sullivan A storm swirling over the Pacific Ocean east of Taiwan is threatening to become a super typhoon before weakening and...
CBA Joins Other Australian Companies with Aims to Cut Coal Exposure August 8, 2019 Commonwealth Bank of Australia became the latest company to join a global push to reduce emissions and said it would...
Willis Towers Watson Releases Updated Version of Radar Pricing Software August 7, 2019 Willis Towers Watson has released an updated version of its Radar pricing software. With regulatory pressure increasing to demonstrate transparency...
Argo Group’s Q2 Net Income Drops as Combined Ratio Climbs August 7, 2019 Argo Group International Holdings Ltd. reported a drop in net income and a spike in its Q2 2019 combined ratio,...