Latest insurance losses news
by Anna Sagar | August 16, 2019
The 2017 and 2018 wildfires have led to double-digit rate rises, reduced capacity and a more cautious attitude from reinsurers.
by Catrin Shi | August 15, 2019
The carrier also saw some adverse reserve development from a May weather event.
by Anna Sagar | August 15, 2019
Insured losses from catastrophes fell from $26bn last year.
by Samuel Casey | August 9, 2019
Reserve strengthening for prior-year catastrophes lifts the overall loss ratio, while specialty line earnings improve.
by John Hewitt Jones | August 8, 2019
More than half of attorneys surveyed by the carrier said litigation finance has prolonged the time it takes to settle losses.
by Samuel Casey | August 8, 2019
Insurers have paid out $300mn for Hurricane Barry so far, according to the broker.
by Laura Sanicola | August 2, 2019
Heritage was one of several Floridian carriers that experienced a surge in assignment of benefits (AOB) claims before 1 July.
by Laura Sanicola | August 1, 2019
The carrier’s gross loss from the hurricane has now increased to $1.1bn.