Risk
U.S. P/C Insurance Underwriting Income Reflects a Big Rebound in H1: A.M. Best
The U.S. P/C insurance industry saw its net underwriting income rebound substantially in the first half of 2018, according to a new A.M. Best special report. That number reached $5.3 billion for H1 ...
Reinsurance Consolidation Won’t Let Up Anytime Soon: Standard & Poor’s
Expect more reinsurance M&A deals in the coming months as reinsurers seek to remain competitive through tough market conditions, S&P Global Ratings predicts in a new report. According to ...
China’s Ping An Insurance Is Suing U.S. Broker Over Use of Its Name
China's giant Ping An Insurance Group is suing a California-based wholesale brokerage over its use of the name Ping An. The Chinese financial services firm is demanding that Ping An Insurance Center ...
Record Rain From Hurricane Lane Causes Hawaii Floods and Landslides
A weakening Hurricane Lane has brought record rainfall to Hawaii, where flooding threatens $8 billion of homes. In 12 hours, 16.48 inches (42 centimeters) of rain fell on the Big Island of Hawaii, ...
Court Upholds Twitter Decision to Ban White Nationalist
Twitter Inc. won a battle in the culture wars with a court ruling that upheld its decision to delete the accounts of a self-proclaimed "white advocate." The social media giant has faced mounting ...
Japan Floods Leave Behind Up to $4B in Insured Losses: AIR Worldwide
Massive flooding in Japan earlier this summer will be costly, with insured losses landing between an estimated $2 billion and $4 billion, according to AIR Worldwide. As the catastrophe modeling firm ...
No-Deal Brexit Could Affect Everything From Insurance Contracts to Consumer Pricing
Britons face higher prices when buying from the European Union unless the government can secure a Brexit deal, while retirees in countries like Spain risk losing access to pensions paid into U.K. ...
The Latest Launches From Coalition, Guy Carpenter and Vault
Coalition is marketing cyber insurance designed to protect organizations against fraudulent use of their IT and telephony services. Guy Carpenter inked a multiyear partnership with a London-based ...