Chances are high that 2012 will be another active hurricane season in the Atlantic if an El Nio does not develop, say forecasters at Colorado State University (CSU).
"Let it snow" ... oh no! Dumping more than 2 feet of snow in some northeastern locations, the freak October snowstorm is expected to be a major capital or credit event for the P&C insurance industry.
Cincinnati Insurance Companies and Selective Insurance Group collectively report close to $200 million in catastrophe losses for the third quarter of this year, a significant portion of which was cause by Hurricane Irene.
The insurance industry performed poorly for the first half of this year, primarily due to an unprecedented level of catastrophes, and while the results may point to premium-price increases, other factors may keep a lid on them.
Hurricane Irene turned out to be more of a rain and flooding event than the wind event many had feared, but it still could crack the list of the 10 costliest U.S. storms if it hits the high end of insured-loss estimates.
A controversial auto buying program promoted by GM and MetLife has been fully vetted and is in compliance with insurance regulations, MetLife and state regulators say.
Attendees of this year’s ACORD LOMA Insurance Systems Forum will have plenty of opportunity—both prior to and after the conference—to take advantage of educational activities to learn something more about the standards system and the industry, plus obtain necessary educational credit for professional designations.
Attendees of this year’s ACORD LOMA Insurance Systems Forum will have plenty of opportunity—both prior to and after the conference—to take advantage of educational activities to learn something more about the standards system and the industry, plus obtain necessary educational credit for professional designations.