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Insurance
Hurricane Maria, the second major storm to hit the Caribbean this month, crept toward the US Virgin Islands and Puerto Rico after it ripped through the small island nation of Dominica, causing widespread devastation, according to a Reuters report.   19 September 2017
Insurance
Homeowners’ re/insurer HCI Group said on Sept. 18 that it estimated losses related to Hurricane Irma in the range of $100 million to $300 million for its principal operating subsidiary Homeowners Choice Property & Casualty Insurance Company.   18 September 2017
Insurance
Combined industry insured losses for Hurricane Irma for the US and the Caribbean will range from $32 billion to $50 billion, according to estimates from catastrophe modelling firm AIR Worldwide.   18 September 2017
Insurance
Bermuda-based specialist insurer Hiscox expects net claims of approximately $150 million from Hurricane Harvey.   18 September 2017
Insurance
Maurice “Hank” Greenberg, former CEO of American International Group (AIG) may pursue large parts of his defamation lawsuit against former New York Attorney General Eliot Spitzer, a New York state appeals court ruled, Reuters reported on Sept. 14.   15 September 2017
Insurance
Global reinsurers will incur notable losses from Hurricane Irma, but the storm will have only a limited impact on the sector’s capital, ratings agency AM Best said in a Sept. 14 report.   15 September 2017
Insurance
New companies have formed in recent years to take property/casualty risk in Florida from state-formed Citizens in a soft market and Hurricane Irma will be the first test for them, said ratings agency AM Best in a Sept. 14 report.   15 September 2017
Insurance
Crop Pro Insurance, a new managing general agent (MGA) specialising in crop insurance, has expanded its leadership team with the addition of Brian Donaghy as its director of data science.   15 September 2017
Insurance
Zurich-based Swiss Life is facing investigations by the US Department of Justice (DoJ) over its potential role in helping US citizens to avoid paying taxes.   14 September 2017
Insurance
Canada Life Reinsurance said on Sept. 14 that it has entered into a long-term reinsurance agreement with Marsh & McLennan Companies (MMC) UK Pension Fund.   14 September 2017

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