Articles
Insurance
Losses from the ongoing California wildfires will likely negatively impact fourth-quarter earnings of companies with material property exposure in the state, Fitch Ratings said. 20 November 2018
Insurance
Silicon Valley-based Venture capital firm Plug and Play Ventures has invested in California-based artificial intelligence (AI) startup Betterview. 20 November 2018
Insurance
Willis Towers Watson has appointed Victor Ganzi as new chairman of the board, succeeding James McCann who is completing his three-year term at the end of the year. 20 November 2018
Insurance
Run-off specialist DARAG has completed the acquisition of SOBC Services, a company focused on the sourcing, acquisition and management of insurance entities and portfolios in run off in the US, Bermuda and Caribbean. 20 November 2018
Insurance
Insured losses from The Camp and Woolsey Wildfires are expected to reach between $9 billion and $13 billion, according to data provider RMS. 19 November 2018
Insurance
Within the perimeters of the Camp Fire in Northern California and the Woolsey Fire in Southern California 23,044 homes with a total reconstruction cost value (RCV) of approximately $8.6 billion are at high or extreme risk of wildfire damage, according to CoreLogic estimates. 19 November 2018
Insurance
Japanese insurer Sompo benefitted from lower losses from natural catastrophes in North America in the six months ended Sept. 30, 2018 compared to the same period a year ago. 19 November 2018
Insurance
S&P Global Ratings expects the insured losses from wildfires in northern and southern California to be contained as an earnings event and for the reinsurance sector to be able to absorb the impact from these fires as well as recent hurricanes although catastrophe budgets will be strained. 19 November 2018
Insurance
State Farm and Farmers Insurance Group of Companies have the highest wildfire exposure in California where the Camp Fire and the Woolsey Fire are set to cause significant losses for insurers and reinsurers. 19 November 2018
Insurance
Bermuda-based Sirius International Insurance Group CEO Allan Waters has called the third quarter 2018 results "disappointing" following the listing of the company on Nasdaq. 16 November 2018
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