Trillium Software, a business of Harte-Hanks (HHS), has introduced a new Claims Data Quality solution for property & casualty insurance claims professionals. The company said that the new solution will help insurance professionals to ...
Tags: Trillium Software, Harte-Hanks, Claims Data Quality solution
On election eve, hundreds of thousands of people in the Northeast were still without power following Hurricane Sandy, with the hardest hit areas in New Jersey and New York marking an eighth consecutive day without electricity. In addition ...
Tags: glass companies, Hurricane Sandy
Insurance firm Amlin has returned to profit after a major loss suffered in 2011 due natural disasters, such as Japanese tsunami, New Zealand earthquake and flooding in Thailand that affected the company to large extent. The company saw ...
Tags: Amlin, natural disasters, pre-tax profits soar, insurer
American International Group (AIG) has reported a net income of $3.2bn, or $1.71 diluted earnings per share, for the first quarter of 2012, compared to $485m, or $0.31 diluted earnings per share, for the same period in 2011. AIG's ...
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ACE and Willis Re Analytics have introduced ACE Cat Web platform to assist companies evaluate their catastrophe exposures, as well as those of their suppliers and customers. The ACE Cat Web Platform uses information on earthquake, storm ...
Tags: ACE, Cat Web, global mapping tool
Bermuda-based RenaissanceRe Holdings has established Timicuan Reinsurance III Limited (Tim Re III), to offer additional reinsurance capacity for the Florida homeowners market. According to the company, Tim Re III has been capitalized with ...
US-based insurer The Chubb Corporation has reported a net income of $404m, or $1.48 per share, for the second quarter of 2012, compared to $419m, or $1.42 per share, for the same period in 2011. The impact of catastrophes in the second ...
Tags: Chubb Corporation, net income, second quarter, catastrophe
China Property & Casualty Reinsurance (CPCR) has licensed AIR Worldwide’s (AIR) suite of catastrophe models for China. CPCR deputy general manager Yuanyuan Li said, "AIR offers a full suite of models for China, including a ...
Tags: CPCR, catastrophe model, China, insurance
Catastrophe modeling firm AIR Worldwide has forecasted that Hurricane Isaac will cause insurance losses between $700m-$2bn in the US. The calculation of losses includes wind and storm surge damage to onshore residential, commercial and ...
Tags: AIR Worldwide, catastrophe modeling, Hurricane Isaac, insurance loss
US catastrophe modeling firm AIR Worldwide has forecasted that insured losses from Hurricane Sandy to onshore properties in the US will be in the range of $7bn to $15bn. The estimation has been made based on the damage to ashore ...
Tags: catastrophe modeling, forecast, insured loss, US
US-based commercial insurer CNA Financial has reported a net income of $166m, or $0.62 diluted earnings per share, for the second quarter of 2012, compared to $124m, or $0.46 diluted earnings per share, for the same period in 2011. For ...
Tags: CNA Financial, commercial insurer, insurer, Net operating income
US-based commercial insurer CNA Financial has reported a net income of $250m, or $0.93 earnings per share, for the first quarter of 2012, compared to $220m, or $0.82 earnings per share, for the same period in 2011. For the first quarter ...
Tags: CNA Financial, net income, Net operating income, commercial insurer
HCC Insurance Holdings has reported that its net earnings jumped by 75% to $82.6m for the first quarter of 2012, against $47m during the corresponding period previous fiscal. Net earnings per diluted share stood at $0.79 for the first ...
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The Hartford has reported net income of $401m, or $0.83 per diluted share, for the third quarter of 2012, against $60m, or $0.11 per diluted share, during the same period earlier year. Its core earnings grew to $378m, or $0.78 per diluted ...
Tags: Hartford, net income, third quarter, insurance, wealth management
Arch Capital Group has registered that its net income available to common shareholders for the first quarter of 2012 was $157.8m, or $1.14 per share, against $19m, or $0.14 per share during the corresponding quarter of 2011. During the ...
Tags: Arch Capital Group, net income, first quarter, insurance