Florida Courts Clarify Role of Appraisal in Coverage Claim Disputes December 10, 2020 By Kimberly K. Berman For first party property claims, lengthy and costly litigation is not always the only mechanism for resolving a dispute. Most...
Alternative Capital Responds to 2017 Catastrophes with ‘Show of Strength’: Aon Benfield January 11, 2018 By L.S. Howard Hurricanes Harvey, Irma and Maria represented the first real test of the staying power of the alternative capital sector, which...
Swiss Re Says Global Insured Catastrophe Losses Will Hit $136B in 2017 December 20, 2017 Swiss Re AG estimates that global insured losses from catastrophes in 2017 will hit $136 billion, the third-highest on record...
Lloyd’s Pays Claims of $1.7B for Hurricanes Harvey, Irma & Maria – So Far November 29, 2017 The Lloyd’s market has paid claims worth US$1.7 billion, to date, in response to Hurricanes Harvey, Irma and Maria. Earlier...
Reinsurance Sector’s Share of Hurricane, Quake Losses Is $20B-$25B: A.M. Best November 20, 2017 Cumulative net catastrophe losses for reinsurance companies from Hurricanes Harvey, Irma and Maria, along with the Mexico earthquakes, are between...
Munich Re Reports Q3 Loss of $1.6B; Tallies Industry Hurricane Losses at $100B November 9, 2017 Insured losses from three big hurricanes in North America this year have cost the industry around $100 billion, German reinsurance...
Lancashire Reports Q3 Loss of $136.4M on High Natural Catastrophe Claims November 2, 2017 Lancashire Holdings Ltd reported a third-quarter pretax loss after what looks set to be the costliest quarter ever for insurers...
Hurricane Cars Declared ‘Total Losses’ by Adjusters Are Now Back on Roads October 5, 2017 By Kyle Stock and Eric Roston The ink on the “total loss” insurance paperwork, like the 2007 Range Rover itself, was still wet when Morgan Moran...
Hurricane Claim Insurance Checks Drive New Car Sales October 2, 2017 By Jamie Butters As Hurricane Harvey poured on Houston, Frank Rodriguez feared for his 2014 GMC Sierra. Once he saw the pickup’s soaking-wet...