Risk
BP Risks $18B Fine in Gulf of Mexico Oil Spill After Judge Assigns Blame
A U.S. judge has decided that BP Plc was "grossly negligent" and "reckless" in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 ...
Loeb’s Third Point Re Shares Challenged While Hedge Fund Thrives
Dan Loeb's foray into the reinsurance industry is proving to be more volatile for investors than his hedge-fund returns. Third Point Reinsurance Ltd., a Bermuda-based firm that relies on the ...
Report: Apple to Address Some iCloud Security Concerns
Apple Inc is planning additional steps to keep hackers out of user accounts in the face of the recent celebrity photo scandal, but denied that lack of security allowed intruders to post nude ...
Workers Comp Sector Approaches Profitability: Moody’s
Accident-year workers compensation profitability, excluding state funds, improved in 2013 to a combined ratio of 103—its lowest level since 2008—as a result of significant rate increases and the ...
Aspen Names New Reinsurance CEO
Aspen Insurance Holdings Ltd. - fresh from successfully rebuffing an M&A bid from a Bermuda reinsurance rival - has named a new leader of its reinsurance arm. The company said that Stephen ...
Industry Execs See Reinsurance Market Woes Continuing
The worst reinsurance market in memory looks set to carry into 2015, industry executives said. An absence of costly disasters and increasing competition from new entrants dragged on prices this year, ...
Hackers Present Challenges For Driverless Car Initiatives
A red VW Golf jerks back and forth as it maneuvers into a parking space in the English spa town of Cheltenham. The halting efforts resemble those of a new driver, and in a sense they are -- just not ...
Towers Watson: More U.S. Drivers Embrace Driving Monitoring Tech
It sounds intrusive, in theory – the use of a telematics device to monitor a policyholder's driving habits in exchange for possible savings in insurance premiums. But a new Towers Watson survey ...