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...
Trump Administration Seeks $29B in Hurricane Disaster Relief Funds October 5, 2017 By David Shepardson and Richard Cowan The Trump administration on Wednesday asked U.S. lawmakers to approve $29 billion in disaster relief funds to assist victims of...
Get Very Used to Drone Usage in the Insurance Industry October 4, 2017 By Don Jergler One major insurance carrier already has a program underway to train claims adjusters to visit accident sites and fly drones...
UPDATE 2: Global Re/Insurers Estimate Price Tag of Q3 Hurricanes & Quakes October 3, 2017 Losses from Hurricane Maria and other recent 2017 natural catastrophes, including Hurricanes Irma and Harvey, the Mexico City earthquakes and...
RMS Estimates Hurricane Maria’s Insured Losses Will Range Between $15B and $30B September 29, 2017 RMS, the Newark, Calif.-based risk modeling and analytics firm, estimated that the insured loss from Hurricane Maria will be between...
Beazley Estimates $150M Earnings Hit From Hurricanes, Earthquakes September 29, 2017 By Noor Zainab Hussain Lloyd’s of London insurer Beazley said on Friday it reckoned that its losses from hurricanes Harvey, Irma and Maria in...
Mounting Catastrophe Claims Could Weaken Re/Insurers’ Capital Reserves: Fitch September 27, 2017 By Suzanne Barlyn Ratings downgrades for global insurers and reinsurers are becoming more probable as they face more than $100 billion in 2017...
Insured Losses in Caribbean from Hurricane Maria Estimated at $40B-$85B: AIR September 26, 2017 Industry insured losses for Hurricane Maria in the Caribbean will be between US$40 billion and US$85 billion, according to catastrophe...
Natural Disasters Begin to Hit Profits of Global Reinsurers September 22, 2017 By Tom Sims and Maria Sheahan A profit warning from one of the world’s largest reinsurers is the latest sign that the death and destruction from...
Insurance Industry Tallies Irma’s Mounting Losses in Florida September 22, 2017 With two Florida landfalls in the same day, Hurricane Irma‘s destructive wind and flood damage could cost up to $65...