- Estimates on insurance losses from BP’s oil spill continue to hover between $1.4 billion and $3.5 billion. The spill has driven rates up 50% for offshore energy cover, according to Reuters. Here’s what’s been announced so far, via Insurance Information Institute.
- S&P on reserve releases: The well is about dry, lads.
- NAIC will be studying ramifications of principles-based reserving on the life side.
- Boards may not realize all the work Solvency II is heaving at them, sez an EMB managing partner. Viz.: Verify that the company understands and shares its vision of what is an appropriate risk. Yikes.
- Also in Solvency II news, Fitch runs through the syllogism.
- Solvency II regs will require more capital.
- Some insurers could struggle to raise that capital.
- Those insurers could be downgraded.
- I used to think ‘fart’ was a dirty word, till I heard it used in a Disney Channel promo. Thus, this Chinese Drywall story is SFW.