American International Group Inc., the largest commercial insurer in the U.S. and Canada, named Michael Brady to the new post of chief technology officer as Chief Executive Officer Peter Hancock works to modernize the company. Brady worked most recently as …
RMS, the Newark, Calif.-based catastrophe risk management firm, has released updated RMS Europe windstorm models and North Atlantic hurricane models. The 15.0 RMS Europe Windstorm Models’ hazard and vulnerability components have been updated to strengthen risk selection and portfolio management …
The Colorado State University hurricane forecast for the Atlantic Ocean came out Thursday and called for seven named storms. That would be the fewest since 1997. The CSU forecast will be followed soon by a host of others, most of …
The purchase of reinsurance by Indonesian non-life insurers is high, which could have a significant effect on capital requirements and magnify the capital impact of changes to reinsurance asset quality, according to anA.M. Bestspecial report. The report, titled “Risk-Based Capital …
Workers’ compensation coverage is initially priced on an estimated basis. The insured estimates payrolls (and sometimes class codes) at the beginning of the policy period for the upcoming year on which the insurance carrier charges a premium using the prescribed …
Coverage offered as a General Liability sublimit Scottsdale, AZ, April 10, 2015- Nautilus Insurance, which writes on behalf of Nautilus Insurance Company and Great Divide Insurance Company, member companies of W. R. Berkley Corporation, has announced the enhancement of its …
International shipping lines are being forced to scale back or suspend port calls to Yemen as the conflict gets worse, putting pressure on supplies of food as prices rise in local markets. Yemen imports more than 90 percent of its …
