Risk
AIG Alert: Florence, Typhoons Will Cause Up to $1.7B in Cat Losses
American International Group Inc. expects to report third-quarter catastrophe losses of $1.5 billion to $1.7 billion from natural disasters including Hurricane Florence and typhoons Jebi and Trami. ...
Large Q3 Losses Coming for Swiss Re; Italy Bridge Collapse, Storms to Blame
Swiss Re AG said it will post relatively "large" losses from claims in the third quarter, as man-made disasters including the collapse of a bridge in Italy add to damage from storms. Natural disaster ...
Once Again, the U.S. Asks SCOTUS to Stop Teens’ Climate-Change Lawsuit
President Donald Trump's administration asked the U.S. Supreme Court stop a novel and sweeping lawsuit pressed by children and teenagers seeking to force the federal government to take steps against ...
Liberty Mutual Is Pursuing Strategic Review of Pembroke Managing Agency
Liberty Mutual Insurance announced it is undertaking a strategic review of its London-based Pembroke Managing Agency Ltd., acquired through the lronshore purchase in May of 2017. The company has ...
An Extended Brexit Transition Could Ease Deadlocked Negotiations: UK PM May
U.K. Prime Minister Theresa May said she is weighing a plan that would keep the U.K. bound to European rules for longer, in an attempt to break the deadlock in talks. May confirmed on Thursday that ...
Lower Cat Losses, Higher Premiums, Helped Make Travelers’ Q3 Results Soar
Property and casualty insurer Travelers Corp on Thursday reported a third-quarter profit that more than doubled, driven by lower catastrophe losses and an increase in premiums and investment income. ...
After Applied, Google ‘Definitely’ Looking for Other InsurTech Investments
Google is eager to invest in other insurance technology companies well beyond its newly announced minority stake in Applied Systems, a principal investor with the global search engine giant said on ...
Most Cyber Attacks on UK Come From Hostile States: Security Officials
The U.K.'s National Cyber Security Centre blamed hostile foreign states for the majority of the 1,167 attacks it has handled in the two years it's been running, equivalent to 10 assaults a week. In ...