insurance News

“Unexpected Nature” of Japan Quake Complicates Insured Loss Estimates

The unexpected nature of this week’s earthquake in Japan, plus the damage from the subsequent tsunami and fires, makes estimating insured losses from the disaster especially difficult, senior executives at two top catastrophe risk modeling firms said Saturday. About $24 …

A Career in Insurance (aka) “An Offer He Couldn’t Refuse”

Come along for the ride as we hear from Ryan Hanley about how he got into “the business”. – Ryan Hanley, Account Executive, The Murray Group and author of the Albany Insurance Professional blog located at www.RyanHanley.com. “My introduction to …

Allstate to Exit Banking Business

The Allstate Corp., the nation’s largest publicly held personal lines insurer, is getting out of the banking business. Discover Bank, a division of Discover Financial Services, is purchasing the $1.1 billion deposits of Allstate Bank and the two have entered …

Insurance Industry Worries about Growing Risks from Climate Change

Insurers are struggling to assess the risks from climate change, industry officials say, with the floods in Australia and Brazil highlighting the potential losses from greater extremes of weather. Scientists say a warmer world will cause more intense drought, floods, …