With the United States at the epicenter of a recession fueled by the mortgage and credit market crises, ripples are still being felt in the global reinsurance market.
Two insurers said they are sending out personnel with a mobile claim center to visit eight cities and educate the public on natural disaster preparedness.
Over the past year, businesses and individuals have been faced with challenges they never before encountered. Economic conditions worsened. Job cuts hit closer to--and sometimes at--home.
Green has always been the color of business, but in 2009, it doesn't just stand for money anymore. Green initiatives offer ways for insurance companies to become good corporate citizens and save some money in the process.
The problem with securing data and insuring its safety is there is simply so much more stored electronically these days that opportunities for outside hackers or insiders to steal information off a company's computer systems are growing exponentially.
The severity of hurricane-related losses can vary drastically -- challenging insurers to be prepared for the unknown at all times. Here's how insurers are successfully adjusting to evolving risk exposures and policyholder needs.