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Insurance
If California’s Oroville Dam were to fail completely, 50,047 single- and multi-family residential homes could be damaged with an estimated reconstruction cost value (RCV) of $13.3 billion, according to CoreLogic, a data and analytics provider. 16 February 2017
Insurance
American International Group (AIG) reported a net loss of $3.04 billion, up from a negative $1.84 billion in the same period of 2015, impacted by a $5.6 billion prior year adverse reserve development. 15 February 2017
Insurance
US-based global health service company Cigna has called off a proposed merger agreement with Anthem following an order from the US District Court for the District of Columbia and demands more than $14.85 billion compensation from Anthem. 15 February 2017
News
Swiss Re corporate solutions has appointed Jim George to the role of global head of claims. He succeeds Nicola Parton, who is now the head primary lead strategy and client engagement. 15 February 2017
Insurance
Catastrophe risk modelling company RMS has appointed Mike Pritula as president to lead its client service and market development. He will also join the executive committee of RMS. 15 February 2017
Insurance
Specialist insurer Beazley has introduced errors and omissions (E&O) and media liability coverage for TV/film producers through the company's newly-acquired Canadian operations. 15 February 2017
Insurance
Catastrophe modelling firm AIR Worldwide's earthquake model for Colombia has been approved by the country's insurance regulator, the Superintendencia Financiera de Colombia, for use by domestic insurance companies in managing their earthquake risk. 15 February 2017
Insurance
A year on from the merger between Willis and Towers Watson and the broker is still working on its reorganisation whilst Aon is looking for M&A opportunities to deploy its growing cash holdings, executives suggested at separate brokers’ conference calls about their 2016 results. 14 February 2017
Insurance
US underwriters need a more detailed understanding of flood risk if they are to capitalise on the growing private insurance market, according to global flood mapping specialist JBA Risk Management. 14 February 2017
Insurance
Health insurers Aetna and Humana said that they have ended their merger agreement after a US federal court ruled against the deal, saying it would stifle competition in the Medicare Advantage programme. 14 February 2017
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