Risk
The Hartford, National Indemnity Ink $1.5B Reinsurance Deal Covering Asbestos/Environmental Liability Reserves
The Hartford said it has sealed a sizable reinsurance agreement covering some asbestos and environmental liability reserves with Berkshire Hathaway subsidiary National Indemnity Company. Plans call ...
The Latest Launches From AIG, Starr Cos. and The Hanover
AIG's Singapore division debuted a motor accident reporting platform in Singapore designed to help speed up the claims process online and reduce fraud. Starr Cos. will team with a Chinese insurer to ...
U.S. Flood Threats Generally Growing in North, Declining in South
The risk of flooding in the United States is changing regionally, and the reasons could be shifting rainfall patterns and the amount of water in the ground. In a new study, Recent Trends in U.S. ...
New Year Will Unleash a Deep Freeze Upon Much of the World
A deep freeze is about to descend on North America, Europe and Asia thanks to record high temperatures across the Arctic. How's that? "Think of it like a seesaw," said Matt Rogers, president of ...
Chinese M&A Could Slow Due to Regulatory, Policy Hurdles: A.M. Best
While Chinese companies have been increasing their overseas merger and acquisition (M&A) activity in recent years, there are signs that growth could slow in the coming year, as a result of ...
XL Catlin Launches Clinical Trials Coverage for Life Sciences Firms in Germany
XL Catlin's insurance operations in Germany have announced the addition of a stand-alone clinical trials product for life science clients. Life science companies are operating in an increasing ...
U.S. Issues Rules to Address Medical Device Cyber Vulnerabilities
The U.S. government on Tuesday issued rules for addressing cyber vulnerabilities in medical devices, providing manufacturers with guidelines for fixing security bugs in equipment, including ...
Takata Shares Soar After Reports of Near-Complete U.S. Settlement Over Faulty Air Bags
Takata Corp. shares rose by the daily limit after the Wall Street Journal reported the company is nearing a settlement with the U.S. Department of Justice to resolve allegations of criminal ...