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Oregon launches review of earthquake insurance options

An official review of setting up an earthquake insurance provider modelled on California’s publicly managed, privately funded carrier has begun in Oregon, where experts say there’s a significant risk of a major temblor that could level hundreds of thousands of buildings.

Ted Bunker, 12 July 2017
Perils raises Egon loss estimate to EUR275mn

Catastrophe data provider Perils hiked its estimate of losses stemming from the Egon windstorm that swept over Europe in January to EUR275mn ($314mn), up from a previous figure of EUR234mn.

Matthew Neill, 12 July 2017
Beazley gets green light for Ireland EU base

London market carrier Beazley has been granted authorisation by the Central Bank of Ireland (CBI) to convert its pre-existing reinsurance entity in the country into an EU base for its insurance operation.

Matthew Neill, 12 July 2017
Mines and lumber mills closed after Canadian fires

Mines and lumber mills have been shut down and farms destroyed by a series of wildfires in the Canadian province of British Columbia.

Bernard Goyder, 12 July 2017
Opinion: Catlin’s chronicles

If life occasionally seems pointless as you trudge over London Bridge or along Fenchurch Street of a morning, Stephen Catlin's insurance-explainer-cum-autobiography Risk & Reward will chase your existential angst away.

Laura Board, 12 July 2017
AM Best cuts Country-Wide outlook to negative

The New York's Country-Wide Insurance Company has had its ratings outlook downgraded from stable to negative by AM Best.

Bernard Goyder, 12 July 2017
Chubb creates global cyber unit under Bill Stewart

Chubb is setting up a standalone cyber division under commercial cyber risk specialist Bill Stewart, who will lead its global practice in the segment across property and casualty (P&C) lines.

Matthew Neill, 12 July 2017
Cunningham Lindsey sets up Dutch wind-energy team

Claims adjusting firm Cunningham Lindsey has brought on three professionals to set up a team dedicated to the wind energy industry and based in the Netherlands.

Matthew Neill, 12 July 2017
ISO releases cyber insurance programme

Verisk analytics-owned P&C data provider ISO is offering a cyber insurance programme for carriers which includes advisory ratings on risk pricing, long a difficult challenge for insurers – even for those that offer the cover.

Matthew Neill, 12 July 2017
WTW makes moves at top of CRB North America ranks

Willis Towers Watson has made several moves in the senior leadership of its corporate risk and broking (CRB) unit in North America.

Matthew Neill, 11 July 2017

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