Catastrophe modeler Risk Management Solutions (RMS) plans to launch its new tool tied to the RMS(one) platform this spring as revenue for its existing products continues to grow as
Travelers’ CEO brushed off AIG’s recent deal with Warren Buffett’s Berkshire Hathaway as commonplace and a potential tax on foreign reinsurance companies as inconsequential during an analyst conference
Coastal communities, especially those located in the Gulf states, would see significant insurance rate increases if lawmakers pass legislation taxing foreign reinsurance holdings, according to a new report. The tax
In one of the first actions of the new year, Hawaiian lawmakers have proposed creating a parametric risk transfer facility that would move the state’s residual hurricane risk into
The proposal to create “public assistance deductible” for federal disaster aid is moving ahead with an the average state paying $22 million in upfront costs before relief is issued, according
Weather-related catastrophe events that top the billion dollar insured loss threshold have become more frequent and will pressure insurance and reinsurance executives to adapt as they hit balance sheets
Any alternative funding structure to the Terrorism Risk Insurance Act (TRIA) would create a significant challenge for insurance, reinsurance and government leaders in finding an acceptable alternative, according to a
A series of seismic events in rural Nevada this week could have caused significant economic and insured losses if centered a short distance to a population center, argues a leading
Days after setting a privatization agenda for U.S. flood insurance program that piqued the interest of global insurers, U.S. Rep. Blaine Luetkemeyer (R-Mo.) passed legislation that looks
Story Updated Below Reinsurance intermediary Guy Carpenter has retained its long standing and lucrative business with the Texas Windstorm Insurance Association (TWIA), beating finalists Holborn and Willis. However, board members
Owners of Risk Management Solutions (RMS) argue that the millions poured into the development of its cloud-based modeling solution will eventually pay off, despite continued single digit revenue growth,
While catastrophe modeling may seem an objective science that relies on data to tell the story, more often than not politics plays a role on loss projections and sets the
