Swiss Re’s latest sigma report highlights the 308 disaster events in 2013, of which 150 were natural catastrophes and 158 man-made. Almost 26 000 people lost their lives or went missing in the disasters. The biggest “humanitarian catastrophe” was typhoon …
PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data, announced that its initial loss estimate for Windstorm Tini, also known as Darwin, which affected Ireland and the United Kingdom on February 12th and 13th, 2014, caused an insured property …
Lloyd’s announced a profit of £3.2 billion [$5.2894 billion] for 2013, compared to a profit of £2.8 billion [$4.628 billion] in 2012. Gross written premium income increased to £26.1 billion [$43.14 billion]. Lloyd’s also noted that its capital position further …
Malaysian Airlines and Boeing Co are facing a potential lawsuit over the Beijing-bound flight that disappeared more than two weeks ago with 239 people on board, according to a law firm representing passengers’ families. A petition for discovery has been …
Canadian National Railway Co. will phase out its fleet of 183 older tank rail cars used to transport diesel fuel over the next four years, as it works to improve safety following a string of industry accidents involving the puncture-prone …
Axis Capital Holdings Ltd., the Bermuda-based insurer and reinsurer, promoted John “Jack” Gressier to chief operating officer, replacing Dennis Reding, who’s retiring from the post at 65. Gressier, 46, has worked at Axis for a dozen years, most recently as …
California Commissioner Dave Jones made his initial recommendations to the California Public Utilities Commission on Tuesday following the California Department of Insurance’s investigatory hearing on March 21 relating to insurance issues and transportation network companies. Jones made his recommendation public …
Irvine, Calif.-based Burnham Benefits Insurance Services Inc. named Tina Brink vice president and Nicole Stratton as account executive in Burnham’s recently opened Sacramento office. Brink will bring new business to the Sacramento office and maintain a strategic partnership with Burnham …
CoreLogic closed its acquisition of Marshall & Swift/Boeckh and DataQuick Information Systems, a property data and analytics information company. The acquisition also included the credit and flood services operations of DataQuick Lending Solutions from the Decision Insight Information Group. MSB …
If flooding were a real concern for Taylor Rambo in Burlington City, N.J., he says he wouldn’t have built a bar in his basement. Yet he pays about $2,700 each year for flood insurance that he is required to have …
