Risk
Markel Division Draws Attention of U.S., Bermuda Regulators
Markel Corp. disclosed that U.S. and Bermuda regulators are inquiring about loss reserves from one of its divisions. The Virginia-based specialty insurer said that it was initially contacted on Nov. ...
Brexit Vote Places UK Future at Stake, EU Negotiator Argues
The British parliament's vote on Prime Minister Theresa May's Brexit deal will determine the future of the country, the chief EU Brexit negotiator said on Thursday, insisting that the deal was the ...
Public Transit Liability Claim Severity Is Rising: Aon
Nationally, public transit systems are seeing a steady increase in liability claim severity, even as ridership declines, according to a new study from Aon. Aon's study found that overall public ...
The Hartford Warns of Up to $365M in Pretax Losses From Wildfires, Hurricane Michael
The Hartford said it will see between $350 million and $365 million in Q4 2018 pre-tax catastrophe losses from California's Camp and Woolsey fires as well as Hurricane Michael. After tax, the net ...
Insurance Broker A.J. Gallagher, Others View ‘Clean’ Coal Subsidies as Major Profit Generator
Earlier this year, the chief financial officer of global insurance giant Arthur J. Gallagher & Co. explained to analysts how the company had turned a little-known U.S. energy subsidy into a ...
Waymo’s Self-Driving Taxi Service Starts in Arizona, Relying on Passenger Fees
Alphabet's Waymo on Wednesday launched a significant development in its costly, decade-long quest for autonomous transportation: self-driving taxis that actually generate fares. With little fanfare, ...
Marriott CFO: $1B Estimate for Massive Cyber Breach Is Premature
It's too soon for Marriott International Inc. to estimate the cost of the massive cyber breach that the company disclosed last week, and other companies that have suffered big attacks are imperfect ...
Online Insurance Platforms Foster Both Good and Bad Situations: Geneva Association
Online platforms can foster insurance market transparency and reduce both transaction costs and information asymmetries, factors typically associated with increased competition and societal welfare. ...