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A high-ranking Mississippi Insurance Department official has been placed on leave after allegations that he and his wife diverted more than $90 million from a credit union that is now in receivership. Chad Bridges, director of financial and market regulation …
As Wall Street races to incorporate war into its risk scenarios, the same people modeling natural catastrophes are now adapting their methodology to help investors, banks and insurers predict military conflicts. Since 2008, the number of countries engaged in external …
The insurer ignored notice after notice, the towing firm says - then the bill kept climbing
Analysts at Jefferies have suggested a major loss event exceeding $100 billion would likely be required to materially alter reinsurance market conditions, following a 15–20% decline in property catastrophe pricing at the June renewals. According to a new report from the firm, early forecasts point to a below-average hurricane season this year, amidst a shift […] The post $100bn+ loss event required to materially alter reinsurance pricing: Jefferies appeared first on ReinsuranceNe.ws.