Insurance news

• Catastrophe models are good for the insurance business

  16-09-2017 06:13
  John Dizard analyses the art of pricing risk in the wake of Hurricane Harvey and Irma
  
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• AA faces tough choices as it maps out road ahead

  16-09-2017 05:01
  UK breakdown group considers offloading insurance business
  
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• Seeman Holtz adds Midwest broker

  16-09-2017 01:50
  Expansive broker Seeman Holtz has announced a deal to buy
  Milwaukee, Wisconsin-based DernCo Insurance.
  The Florida-headquartered intermediary has been targeting
  independent agencies as it looks to expand geographically and
  continue on its growth trajectory.
  In a statement, Seeman Holtz said Rich Dern and his team would
  move over with the transaction after serving Wisconsin and Colorado
  for more than 25 years, allowing the firm to strengthen its
  foothold in the Midwest.
  DernCo offers homeowners,
  
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• 'Hidden flood' could push Harvey loss to $40bn: RMS

  16-09-2017 01:50
  A "hidden flood" component could push insured losses
  from Hurricane Harvey toward the $40bn upper bound of the current
  RMS estimate for the event, according to an executive at the
  modelling firm.
  RMS head of client development for North America John Kapitan
  told The Insurance Insider that insurers
  had thrown in flood cover with commercial policies to win business
  in the soft US property market.
  "It's a question of how much of that was going
  on," he said but warned:...
  
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