Risk
European Captive Insurers Using Solvency II Regs to Improve Themselves: A.M. Best
When Solvency II capital standards first became known, owners of captive insurers viewed the new regulations as burdensome and costly. But European captives and their owners view requirements as an ...
Congress Considers Ways to Reverse Surge in Illegal Drone Flights
U.S. lawmakers are considering steps to reverse a disturbing rise in illegal drone flights, including new government enforcement tools to crack down on rogue flyers, especially near airports, ...
Arab Bank Resolves U.S. Lawsuits Over Militant Attacks in Israel
Arab Bank Plc has agreed to settle litigation brought by hundreds of Americans who accused it of facilitating militant attacks in Israel, nearly a year after a U.S. jury found the bank liable. The ...
Willis and UnipolSai Sponsor First Cat Bond For Italian Earthquake Risk
An Italian insurance company and a division of Willis Group Holdings plc completed what is billed as the insurance/reinsurance industry's first indemnity-trigger catastrophe bond for Italian ...
El Nino Conditions Could Last Until Spring in Northern Hemisphere
A U.S. government weather forecaster on Thursday raised the likelihood that El Nino conditions would last into the Northern Hemisphere's early spring to 85 percent, boosting the probability that ...
Lloyd’s, Fulbright Commission Expand Risk-Related Research Program
Lloyd's of London and the U.S.-U.K. Fulbright Commission announced recently that they've extended and expanded a program designed to pursue risk-related research in the U.S. The partnership, through ...
Progressive Insurance CEO Renwick Sounds off on Big Insurance Trends
By his own admission Progressive Insurance CEO Glenn Renwick (and his company) may not be right about the impact certain macro trends will have on the insurance industry, but in his view "it's ...
Electronic Devices That Break Into Locked Vehicles Spur Heightened Worry: NICB
Auto theft investigators around the world are increasingly concerned about the use of electronic devices to break into otherwise locked vehicles. So says the National Insurance Crime Bureau, which ...