Risk
AIG CEO Peter Hancock Will Outline His Vision on Jan. 26
American International Group Inc., the insurer that has rebuffed activist investor Carl Icahn's push to divide into three companies, set a Jan. 26 presentation to outline Chief Executive Officer ...
Tianjin Explosions in China Didn’t Prevent Falling Marine Reinsurance Prices
Reinsurance rates in the marine sector continued to fall at the start of the year, in spite of the huge cost of explosions at China's Tianjin port last August, reinsurance broker Guy Carpenter said ...
FitBit Accused of Selling ‘Wildly Inaccurate’ Heart Monitoring Devices
FitBit Inc.'s heart monitoring devices are called "wildly inaccurate" in a lawsuit accusing the company of false advertising. Devices sold by the leading maker of fitness trackers "are mis-recording ...
A Mature Cat Bond Market? 2015 Issuance Dropped 25% Over 2014
The catastrophe bond market may be showing some steady signs of maturity. Bond issuance, measured by new limit, came in at $6 billion in the 2015 fiscal year. That's one of the five most active ...
U.K. Insurers Can Handle Nation’s Historic Floods: A.M. Best
As the U.K. continues to deal with a winter of historic flooding, strong balance sheets and an otherwise light year for bad weather will allow insurers to absorb the losses, A.M. Best concluded in a ...
AIG Invests in Worker Safety Wearable Device Tech Startup
AIG is investing in an early-stage technology startup developing wearable devices, analytics and systems to improve worker safety. Financial terms of the mega-insurer's investment in Human Condition ...
Volkswagen, Slammed by Emissions Lawsuit, Pledges U.S. Car Fixes
Volkswagen AG vowed to emerge from the diesel scandal even as authorities in the U.S. toughen their stance. "We are confident we will find good solutions for the affected U.S. vehicles," Herbert ...
Is El Niño Making Way for La Niña?
The El Nino that disrupted weather worldwide last year has peaked. Now forecasters are predicting what may be next for the world's climate. A number of El Nino-Southern Oscillation indicators suggest ...