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.