Risk
U.S. Insurers Struggle With Rising Claims in Senior Living Market
Last March, a 103-year-old resident of a Sunrise Senior Living facility in Willowbrook, Illinois, went on a field trip to the movies. Ruth Smith, who used a walker, fell down two concrete steps in ...
January Renewals Are Splitting Into Two Tracks: Willis Re
Reinsurance placements at Jan. 1, 2019 highlight a pricing gap between accounts with peak peril exposures, or poor loss records, and the rest, with many reinsurers placing emphasis on the quality of ...
Brexit May Not Happen if UK Parliament Rejects May’s Agreement: Report
The chances of the U.K. leaving the European Union are "50-50'' if Parliament rejects Prime Minister Theresa May's withdrawal agreement in January, International Trade Secretary Liam Fox said in a ...
Global Reinsurance Prices Are Falling, Even With Big Cat Losses: JLT Re
JLT Re's global property-catastrophe reinsurance index fell 1.2 percent in Jan. 1 policy renewals, the broker said on Wednesday, dashing the industry's hopes of higher reinsurance premiums after a ...
Generali Nearly Doubles Investment in Indian Insurance Joint Venture
Generali Group has finalized plans to nearly double the stake in its Indian insurance joint venture with Future Group. Its investment will jump from 25.5 percent to 49 percent, representing a ...
Wildfire Fallout: A.M. Best Places California Capital Under Review, With Negative Implications
A.M. Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of "a-" of California Capital Insurance Co. and ...
FEMA Resumes Issuing New Flood Insurance Policies During Shutdown
The Federal Emergency Management Agency (FEMA) said on Friday it will resume issuing new flood insurance policies during the partial U.S. government shutdown, reversing a decision announced before ...
Wells Fargo Will Fork Over $575M to Resolve Sales-Practices Scandal
Wells Fargo & Co will pay $575 million to settle claims made by U.S. states, the latest settlement as the bank works to resolve lingering investigations and legal battles stemming from its ...