Risk
Insurers’ H1 Featured Spike in Downgrades, But Upgrades Still Came Out on Top: A.M. Best
Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty industry during the first half of 2018, according to an A.M. Best report. But the ...
Teen Reportedly Hacks Apple Mainframe; Company Reassures Customers
Apple Inc said on Friday no customer data was compromised after Australian media reported a teenager had pleaded guilty to hacking into its main computer network, downloading internal files and ...
Banks Strengthen Security After ATM Cyber Attack Plot Warning From FBI
Banks are on alert for new attacks targeting cash in ATMs after the Federal Bureau of Investigation warned U.S. lenders last week of a potential threat. "The FBI routinely advises private industry of ...
Allstate Handled $262M in Pre-Tax Cat Losses for July
The Allstate Corp. said it booked $262 million in estimated pre-tax catastrophe losses for July. Losses stemmed from 15 events. Two severe hail events in Colorado and other states plus the Carr Fire ...
Global Insured Catastrophe Losses Improve in H1: Swiss Re
Global insured losses from natural catastrophes and man-made disasters during the first half of 2018 were $20 billion, down from $30 billion in H1 2017, according to Swiss Re Institute's latest sigma ...
Execs See AI as Reshaping Finance But Disagree on What It Is
Global financial leaders are convinced artificial intelligence is poised to reshape their industry, and they're ready to invest big. They just can't agree on what it is. The World Economic Forum ...
QBE Insurance Rises in an H1 Featuring Fewer Disasters
Australia's QBE Insurance Group Ltd posted a better-than-expected 4 percent rise in first-half profit, helped by fewer natural disasters in its biggest markets, sending its shares up almost 9 percent ...
Amazon Reportedly Considering UK Insurance Comparison Site
Amazon.com Inc. is sounding out some of Europe's top insurance firms to see if they would contribute products to a UK price comparison website in what would be a major foray by the U.S. online retail ...