Risk
Asia Ripe For Reinsurance Expansion, Fitch Says
Softening premium rates in Asia and the market's broad potential for growth is spurring a regional spike in demand for reinsurance, Fitch Ratings has concluded in a new report. What's more, that ...
Marijuana-Linked Accounts Elicit Caution From Big U.S. Banks
Major banks are getting increasingly wary of some transactions with smaller banks that have begun to allow marijuana businesses to open accounts. Officials at the bigger institutions say they fear ...
Why Many Californians Take Their Chances Without Earthquake Insurance
During Sunday's 6.0 magnitude earthquake, some $75,000 worth of bottles of wine, rum and whiskey flew off the shelves of Aiyaz Masani's liquor store in Napa, California. He estimates about half his ...
Tower Group Dealt More A.M. Best Ratings Downgrades
Tower Group International must deal with more ratings downgrades from A.M. Best, spurred by its soaring net losses and uncertainty over whether it can carry its debts through an intended merger with ...
JPMorgan, Other Banks Focus of Latest Cyber-Attack
JPMorgan Chase & Co., the biggest U.S. bank, said it increased defenses against computer hackers after an attack against the industry this month. The lender is working with U.S. authorities to ...
Dire Cancer Prognosis Sped Up Benmoshe’s AIG Departure
Robert Benmosche, who is stepping down this weekend after five years as American International Group Inc.'s chief executive officer, said he learned in May that he had nine months to a year to live. ...
Soccer’s Global Governing Body Sued For Concussion Negligence
FIFA, soccer's international governing body, was sued by soccer moms and players who claim the organization failed to adopt effective guidelines for dealing with concussions as more evidence links ...
Enstar to Pay $218M For South Carolina P&C Company
Bermuda-based Enstar Group Ltd. said it will grab Companion Property and Casualty Insurance Company from Blue Cross Blue Shield of South Carolina for $218 million. The deal represents an expansion of ...