Traditionally, healthcare reinsurers offered a robust model to customers, with additional services including claims analysis, access to vendor contracts in high-cost, specialty areas like organ transplant or dialysis, nurse hotlines, pre-natal teams and general expertise on "who to call" regarding specific claimant issues. Low loss ratios — around 65-75 percent — and high lev ... Continue Reading »
United States
CAT-i Report: M6.4 Earthquake Offshore Southwest Puerto Rico
Southern Puerto Rico was affected by a Mw 6.4 earthquake early on January 7, 2020, after experiencing a Mw5.8 earthquake the day before. Since late December, the region had been shaken by more than 200 M4+ earthquakes. The North American and Caribbean tectonic plates converge along the southwest and west of Puerto Rico, and this was the source of the recent stronger shaking ... Continue Reading »
Guy Carpenter to Enhance Offering for US Public Entity Clients
Guy Carpenter announced that the US business of affiliate Victor, the world’s largest managing general underwriter, will offer Guy Carpenter clients who are members of US public entity insurance pools a wide range of property and casualty insurance solutions not traditionally offered by the pools. ... Continue Reading »
The Captive Business Strategy: Employee Medical and Other Heath Care Risks
Medical systems have historically been the quickest to adopt captives to control their employee healthcare costs. From regional hospitals with a single plan, to large hospital systems with multiple plans, the systems have found that a captive-based structure used at the parent level enables a more efficient purchase with uniform protection across plans. Instead of numerous ... Continue Reading »
APCIA: GC@APCIA Commentary Roundup
Here we highlight the most popular stories among our GC@APCIA series, which featured our review of critical issues shaping the reinsurance industry. These were the focus of discussions at the recent APCIA Annual Meeting, which was hosted by Guy Carpenter. ... Continue Reading »
Survey: Cyberattacks Are the Number One Risk to Doing Business in U.S. and Canada
Results from the World Economic Forum’s 2019 Executive Opinion Survey indicate that for business executives in both Canada and the United States, “cyberattacks” are once again – by a large margin – the number one risk to doing business. This is a top risk in Europe and East Asia and the Pacific as well, where it now ranks first and second, respectively. The persistence of this r ... Continue Reading »
Weather Sentinel: Continued Extreme Fire Weather in California
Diminished winds on Tuesday allowed for increased containment and limited growth of many fires currently burning in California including the Getty Fire in Los Angeles and the Kincade Fire in Sonoma County. Fire weather conditions are expected to worsen starting Wednesday morning as a near record strength Santa Ana wind event is expected to impact southern California through ... Continue Reading »
Weather Sentinel: Ongoing California Wildfire Activity
Ongoing dry and windy conditions across California have hampered containment and suppression efforts of already burning fires and have allowed for rapid growth of newly ignited fires. The Kincade Fire in Sonoma County grew significantly over the weekend due to increased winds, forcing large-scale evacuations. The newly ignited Getty Fire in Los Angeles has forced evacuation ... Continue Reading »
Weather Sentinel: Wildfire Activity in California
Several fires ignited yesterday across the state of California, and grew quickly under extreme fire weather conditions. As of Friday morning, 49 structures have been destroyed in the Kincade Fire, burning in Northern California near Geyserville, while the Tick Fire in Southern California has jumped Hwy 14 and is threatening communities near Santa Clarita. Fire weather c ... Continue Reading »
CAT-i Bulletin: Recent Tornado Activity – Southern Plains
A severe thunderstorm outbreak affected portions of the Southern Plains and Central Mississippi Valley from the evening of October 20th through the morning of October 21st. The outbreak produced several tornadoes including an EF-3 affecting the Dallas, Texas area as well as another EF-1 crossing parts of Memphis, Tennessee. Clustered reports of damaging straight-line winds and ... Continue Reading »
