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Atlas Financial falls short of Nasdaq requirements
The company’s market value has lagged the stipulated $5mn level for the past 30 days.
Anna Sagar
,
September 16, 2019
AIR predicts Faxai insured losses of up to $7bn
The top end of the estimate is significantly higher than early market forecasts for claims of up to $5bn.
Anna Sagar
,
September 15, 2019
Bankrupt Philadelphia refinery firm to get $50mn insurance payment
The company filed for bankruptcy after a fire tore through a Philadelphia refinery on 21 June.
Bernard Goyder
,
September 13, 2019
Reinsurers push back on mining gear asbestos claims
Companies including Lloyd’s underwriters, Sompo Holdings, Berkshire Hathaway filed a lawsuit accusing primary insurers demanding “unreasonable allocation”.
Christie Smythe
,
September 13, 2019
Dorian US mainland losses likely to cost $500mn-$1.5bn: RMS
The loss estimate includes anticipated NFIP claims.
John Hewitt Jones
,
September 13, 2019
Progressive: More unfavorable development as margin pressures continue
The firm experienced around $28mn in unfavorable development – its 10th month of adverse out of the last 11.
Gianluca Casapietra
,
September 13, 2019
New York warns insurers to pay child sex abuse claims 'quickly'
State officials advised carriers to settle claims swiftly or face "disciplinary action".
Bernard Goyder
,
September 13, 2019
PG&E agrees $11bn wildfire settlement with insurers
The settlement covers more than 85 percent of insurance subrogation claims against the utility.
Emmanuel Kenning
,
September 13, 2019
Davies acquires Frontier Adjusters in first US claims deal
The PE-backed (re)insurance services provider says further US acquisitions are planned.
Samuel Casey
,
September 13, 2019
Alliant launches M&A insurance unit
The new operation will provide cover for private equity firms and alternative asset managers.
John Hewitt Jones
,
September 12, 2019
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