Axis Takes $425M Reserve Hit Following Strategy Shift
Bermuda-based Axis said that inflationary pressures were hitting legacy claims.
Bermuda-based Axis said that inflationary pressures were hitting legacy claims.
Schiff, who is also the leading Democratic candidate for Senate, joined other progressives in calling for a federal all perils backstop.
The Australian government says that its new reinsurance pool -- built to address cyclone risks -- faces conflicts and confusion in modeling and claims parameters.
Both capital capacity and modeling limitations mean that the private insurance and reinsurance industry will sit on the sidelines of global pandemics.
In a terse response to questions federal lawmakers — including accusations that legislators are creating market “panic” — the Florida taxpayer-backed insurer says its finances are sound and questions surrounding it risk modeling practices misplaced.
A new report from the island’s regulator says that insurers and reinsurers have done “little” in cyber risk disclosure
Buffett and Berkshire on Florida exposure, GEICO frustrations and how they were “forced” out of banking and fell into insurance.
The California quake insurer is upending its post IPO comp structure after shareholder listening tour.