Risk
El Niño Has Done Little to Counter California’s Historic Drought
Ed Heinlein surveys the steep mountainside that has repeatedly unleashed tons of mud into the backyard of his Southern California home since a 2014 wildfire and still hopes the drought-stricken state ...
American Financial Wants 49% of National Interstate Corp. for $293M
Insurance holding company American Financial Group wants to snatch up the rest of National Interstate Corp. that its subsidiary doesn't already own in a proposed $293 million deal. The ownership ...
Watch This Video: How P/C Insurers Plan to Use Predictive Analytics
Two years from now, property/casualty insurers will be using predictive analytics in a much wider assortment of ways than they do now. A Willis Towers Watson survey found that expected jumps in ...
Report: VW Leaders Knew of Illicit Emission-Control Software Early On
The current chairman and the chief executive of Volkswagen AG were alerted by the former CEO to the use of illicit emissions-control software in the United States two weeks before the carmaker ...
Global Regulators Propose Stricter Banking Rules to Address Cyber and Fraud Risks
Global regulators have proposed stricter rules on how banks calculate the amount of capital they need to cover risks to operations from cyber attacks, fraud or hefty fines. The proposals are the ...
Exec Revamped Out of AIG Gains New Leadership Role at Marsh
For John Doyle, there is most definitely life after AIG, specifically in a new executive role at Marsh. Doyle is the new president at Marsh, an insurance broker and risk adviser and wholly owned ...
Two Texas Attorneys Accused of Bankrolling BP Spill Scam
Two high-profile Texas attorneys were sued by a fishing boat captain who said they were involved in a scam to cheat BP Plc out of millions of dollars with false compensation claims for the Gulf of ...
U.S. Small Commercial Insurance Sector Ripe for Competition: McKinsey
U.S. property/casualty insurers salivating for a market growth opportunity appear to have a clear target in sight: the small commercial sector. It turns out that small commercial has enjoyed steady ...