Neutral El Nino Condtions Forecast Through Spring: NOAA November 7, 2013 The U.S. National Oceanic and Atmospheric Administration (NOAA) said on Thursday it expects neutral El Niño weather conditions to persist...
AIR Estimates Insured Losses from Europe Windstorm at $2-$3 Billion November 7, 2013 Catastrophe modeling firm AIR Worldwide has estimated that insured losses from Windstorm Christian (known as St. Jude in the UK)...
ABI Estimates 105,000 Claims Totaling $208 Million from St. Jude Storm November 7, 2013 The Association of British Insurers (ABI) said it expects the country’s insurers to “deal with a total of 105,000 claims,...
Arctic Ship Route May be Safer with Anglo-Russian Radio Waves November 7, 2013 By Jonathan Saul The perils of the new Arctic shipping route, warmed by climate change, may diminish with a British-Russian radio navigation initiative,...
AIG Settles Dispute Over Real Estate Executive Pay for $274M November 7, 2013 By Nate Raymond American International Group Inc. has agreed to settle a $274 million lawsuit by a former executive who said the insurer...
Munich Re Plans $1.35 Billion Buyback as Q3 Net Beats Estimates November 7, 2013 By Oliver Suess Munich Re, the world’s biggest reinsurer, plans to buy back €1 billion ($1.352 billion) of its shares as third-quarter profit...
Generali Third-Quarter Net Profit Rises as Operating Income Climbs November 7, 2013 By Sonia Sirletti and Francesca Cinelli Assicurazioni Generali SpA, Italy’s biggest insurer, said third-quarter profit rose 75 percent as it earned more from its life segment...
Swiss Re Q3 Net Beats Analyst Forecasts as Non-Life Sales Jump November 7, 2013 By Carolyn Bandel Swiss Re Ltd., the world’s second- biggest reinsurer, reported better than expected third-quarter profit after non-life premiums rose by a...
Horace Mann Announces Property/Casualty Leadership Changes November 7, 2013 Springfield, Ill.-based Horace Mann Educators Corp. has named Stephen P. Cardinal to lead its property/casualty business as executive vice president,...
Nationwide Insurance Recruiting New Agents in Texas November 7, 2013 Columbus, Ohio-based Nationwide Insurance announced that the company is looking to add 100 new Advantage Program insurance agents in the...