Risk
Massive Calif. Methane Leak Ranks as Largest U.S. Event of Its Kind
The months-long natural gas leak that forced thousands of Los Angeles residents from their homes ranks as the largest known accidental methane release in U.S. history, equal to the annual greenhouse ...
‘Highly Likely’ Climate Change Won’t Hurt Berkshire Insurance Ops: Buffett
Although it is "highly likely" that climate change poses "a major problem for the planet," it's less likely climate change impacts will dent the profits of Berkshire Hathaway's insurance operations, ...
XL Catlin Doubles Available Limits for Standalone Terrorism Coverage
XL Catlin said it has doubled available limits for its standalone terrorism coverage and added other bells and whistles in what it described as a market response to new attacks in cities and schools ...
RSA Warns British Exit From EU Could Harm Its Business, Investment Returns
RSA chief Stephen Hester said a British exit from the European Union could have a negative impact on the insurer's business and investment returns, underscoring a warning from top executives about ...
Ironshore Adds U.S. Homeland Security Assessment to Cyber Policy
A division of Ironshore Inc. is beefing up the risk management services it offers a certain class of cyber policyholders. Among the additions: A cyber security assessment and technical services ...
Wal-Mart Sued, Accused of Selling ‘Pure’ Parmesan Cheese with Wood Pulp Filler
Wal-Mart Stores Inc. was accused in a lawsuit of defrauding customers by selling Parmesan cheese touted as pure that contained wood pulp as filler. The world's largest retailer stocked its New York ...
Departing AIG Dealmaker Schreiber Was Equal Parts Volatile and Invaluable
In January, Brian Schreiber was working nearly around the clock preparing an investor presentation on American International Group Inc.'s new direction, called Simplifying AIG. On Feb. 15, Schreiber ...
Why Google’s Online Insurance Experiment Failed: The Insurance Industry Sounds Off
The insurance industry had a lot to say about what Google did wrong a day after the search engine giant said it would be pulling the plug on its year-long Google Compare experiment selling auto ...