Risk
MA, RI and ME Still Face Blizzard Conditions As Storm Continues
A U.S. blizzard swept past New York City and struck hardest at some 4.5 million people around Boston, dropping nearly three feet of snow in areas and triggering high tides that breached a seawall and ...
Smartphones and Tablet Devices: The New Cyber-Attack Weak Spots
Smartphones and tablet devices are the new weak spot in the battle against cyber-criminals, according to the head of computer security at Europe's biggest phone company. Businesses and governments ...
ISO & PCI: P/C Net Income, Profitability Takes a Dive Through Much of 2014
The first nine months of 2014 saw policyholders' surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and ...
As Reinsurance M&A Accelerates, Who Are The Next Targets?
Insurance dealmaking is heating up as companies embrace a bigger-is-better philosophy. Axis Capital Holdings Ltd.'s plan to merge with PartnerRe Ltd., creating a firm with a combined market value of ...
Starr Targets Small Businesses With New Commercial Umbrella Liability Policy
Starr Companies is making an overture to the small business market with the launch of a new commercial insurance umbrella liability policy. The insurer said the new umbrella coverage will complement ...
India Reaches Insurance Deal With U.S. That Could Propel Nuclear Power Expansion
Prime Minister Narendra Modi and U.S. President Barack Obama unveiled a plan centered on insurance on Sunday that they hope will convince U.S. companies to build nuclear power stations in India, but ...
Malaysia Airlines’ Latest Woe: A Cyber Attack
A group calling itself "Official Cyber Caliphate" said it hacked on Monday the official website of national carrier Malaysia Airlines (MAS), but the airline said its data servers remained intact and ...
Bermuda Reinsurers AXIS Capital and PartnerRe Will Merge in Massive Deal
AXIS Capital Holdings Ltd. agreed to merge with PartnerRe Ltd., combining two Bermuda-based reinsurers with a total market value of almost $11 billion amid accelerating consolidation in the industry. ...