Property - North America
News, insights and thought leadership for re/insurance professionals with an interest in North American property.

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Catastrophe losses drop sharply YOY in Q1 for many big US insurers

Liberty Mutual reported the largest amount of losses during the quarter at $656 million, though that was down from $1 billion in the first quarter of 2021. Allstate was next with losses of $475 million, compared to $833 million a year earlier.
Liberty Mutual reported the largest amount of losses during the quarter at $656 million, though that was down from $1 billion in the first quarter of 2021. Allstate was next with losses of $475 million, compared to $833 million a year earlier.
Article / 1 month ago

COVID-fueled supply chain disruption a crunch point for insurance claims

Claims professionals have overcome a number of challenges that the coronavirus pandemic has thrown at them, but lack of materials to repair vehicles and buildings is hampering claims fulfillment...
Claims professionals have overcome a number of challenges that the coronavirus pandemic has thrown at them, but lack of materials to repair vehicles and buildings is hampering claims fulfillment...
Article / 2 years ago

3 years of cat losses provide key lesson for insurers, says Swiss Re exec

Insurers should learn that basing decisions on historical analysis alone is not good enough, said catastrophe perils head Martin Bertogg, as the reinsurer's latest report warned of growing future losses...
Insurers should learn that basing decisions on historical analysis alone is not good enough, said catastrophe perils head Martin Bertogg, as the reinsurer's latest report warned of growing future losses...
Article / 2 years ago

Protection gap persists across insurance world, despite some progress

The rift between insured and economic losses continues to widen, despite a series of products and initiatives, but the efforts of the industry and governments have not been in vain, experts say...
The rift between insured and economic losses continues to widen, despite a series of products and initiatives, but the efforts of the industry and governments have not been in vain, experts say...
Article / 2 years ago

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