Keyword
losses
AIG sees net loss of about US$3 billion in 2016 Q4
February 15, 2017 by Canadian UnderwriterAmerican International Group, Inc. (AIG) has posted net losses for both the full year and the fourth quarter of 2016, but company president and CEO Peter Hancock reports that actions taken last year will help “dramatically reduce uncertainty and deliver…
Estimate for net ultimate U.S. asbestos losses increased to US$100 billion: A.M. Best
November 29, 2016 by Canadian UnderwriterA.M. Best has increased its estimate for losses that property and casualty insurers in the United States can ultimately expect from third-party liability asbestos claims to US$100 billion. The new figure – included in a new report issued Monday –…
Global natural disasters cost US$520 billion in losses every year, poor disproportionately affected: study
November 15, 2016 by Canadian UnderwriterThe impact of extreme natural disasters is equivalent to a global US$520 billion loss in annual consumption, forcing some 26 million people into poverty each year, a new report from the World Bank and the Global Facility for Disaster Reduction…
Chubb Limited’s net income for 2016 Q2 down 22.8% from 2015 Q2
July 28, 2016 by Canadian UnderwriterHigher natural catastrophe losses globally were among the factors contributing to Chubb Limited reporting US$726 million in net income for the three months ended June 30, 2016 compared to US$942 million for the prior-year quarter. Chubb’s net income was also…
The Digital Edition of Canadian Underwriter magazine’s May 2016 issue
May 26, 2016 by Canadian UnderwriterDigital Edition below ↓ Cover Story – ‘Tired of Losses’ Distraction and driver fatigue are high on the radar screen for commercial auto insurers, and while drunkeness may not account for a significant percentage of losses, one insurance expert contends guidance…