S&P: Primary P/C Insurers, Not Reinsurers, to Bear Brunt of Harvey’s Insured Losses August 29, 2017 While it’s too early to accurately quantify the insured losses related to Hurricane Harvey, primary insurance carriers — as opposed...
P/C Insurers Lost $5.1 Billion on Underwriting in First Half of 2017: A.M. Best August 29, 2017 The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017,...
Abuse of Nursing Home Residents Often Goes Unreported August 29, 2017 By Ricardo Alonson-Zaldivar More than 1 in 4 cases of possible sexual and physical abuse against nursing home patients apparently went unreported to...
Typhoon Hato Will Have Limited Financial Impact on Macau Insurers: A.M. Best August 28, 2017 Typhoon Hato will have only a moderate impact on the earnings of rated non-life insurers in Macau, and a limited...
Risk Managers Prefer Standalone Cyber Policies: RIMS Survey August 25, 2017 According to the 2017 RIMS Cyber Survey, risk professionals’ continued to show preference for standalone cyber insurance policies as the...
Studies Show Automated Car Safety Technologies Are Preventing Crashes August 25, 2017 By Joan Lowy Safety systems to prevent cars from drifting into another lane or that warn drivers of vehicles in their blind spots...
California Workers’ Comp Medical Payments Per Claim Fell in 2016, Report Shows August 24, 2017 Medical payments per claim in California’s worker’s compensation system dropped 9 percent in 2016 from two years prior, according to...
California Hospital Workers’ Comp Survey Shows Moderating Losses, Higher Adjustment Expenses August 24, 2017 A survey from 18 hospital systems and more than 44 individual facilities within California shows average losses paid per indemnity...
Employee Embezzlement Schemes Often Carried Out Over Years August 24, 2017 Nearly 25 percent of employee thefts involve large-scale losses of more than $1 million and 29 percent are carried out...
PERILS Insured Loss Estimates for Storm Thomas Unchanged at $293.2M August 23, 2017 PERILS AG has disclosed its third loss estimate for windstorm Thomas, also known as Doris, which affected the British Isles,...