Risk
XL Catlin, Nature Conservancy Will Invest in Coastal Wetlands to Mitigate Storm Damages
When Hurricane Sandy hit the U.S. East Coast in October 2012, its 80-mile-per-hour winds and the resulting flooding did about $71 billion in damage. After the storm, researchers found that natural ...
Beware of New Capacity Even as Cyber Insurance Market Soars: Fitch Ratings
The cyber insurance market continues to display both tremendous growth and enormous opportunity for the U.S. property/casualty insurance industry as demand continues to soar, according to a new Fitch ...
Thunderstorms Slammed the U.S. in April, While Africa Floods Claimed 78 Lives
Five separate weather systems caused severe thunderstorms across the United States in April, the strongest of which affected the Plains, Midwest, Southeast, Mid-Atlantic and the Northeast, with ...
Lloyd’s Terminates Ties With All NRA Insurance Programs
Lloyd's of London has directed its underwriters to terminate any insurance programs they have with the National Rifle Association (NRA) and to not enter into any new ones. "The Lloyd's Corporation ...
Trump Creates Problems for Oil Shippers’ Insurance With Iran Withdrawal
Oil tanker owners are facing a nervous wait to find out whether they can carry on doing business with Iran after President Trump said on Tuesday he was reinstating a raft of sanctions against the ...
Former Anbang Insurance Chairman Slapped With 18-Year Prison Sentence Over $10B Fraud Case
Wu Xiaohui, former chairman of Anbang Insurance Group Co., was sentenced to 18 years in prison after being convicted of fundraising fraud and embezzlement, according to the official Xinhua News ...
Calif. Insurance Commissioner Ran Climate-Related Stress Test on Insurers
California Insurance Commissioner Dave Jones ran a "stress test" on the state's largest insurers, something that he claims is the first done by U.S. financial regulators to focus on climate-related ...
Insurers, Other Investors Ignoring #MeToo Risks Among Fund Managers
Investors are failing to ask fund managers about sexual misconduct claims and discovering such evidence wouldn't necessarily deter them from committing capital to firms, an industry group found. In ...