Risk
Soft Reinsurance Market Jeopardizes Company Financial Ratings: S&P
Property/casualty reinsurers aren't just facing heavy competition, declining premiums and excess capacity. These conditions, over time, could also jeopardize their financial ratings moving forward, ...
For now, Atlantic Hurricanes are Few and Far Between
It's almost the middle of August, and the Pacific has been cranking out hurricanes and typhoons all over the place. So, what's with the Atlantic? After just about two and half months, hurricanes ...
Coastal Cities Sinking Faster Than Sea Levels Rising, Lloyd’s Warns
A bulletin from Lloyd's of London warns that, "as sea levels rise, ground levels in coastal megacities are also falling – with potentially disastrous implications for insurers. Insurers of large ...
Nationwide’s P/C Results are Solid, With a Dose of Bad Weather
Nationwide Mutual Insurance Company's property casualty arm performed solidly in the 2014 second quarter, despite the Polar Vortex and major storm activity that hampered earnings over the first six ...
Managing Risk Amidst a Sea(son) of Change
It is hard not to notice that the business environment for property/casualty insurers has changed the past few years. Profound changes, including an evolving regulatory construct and the rise of "big ...
NOAA Sees Nuisance Flooding Rising for U.S. Cities
Residents and officials in major U.S. cities know it doesn't take a fierce storm or menacing hurricane to cause flooding as they increasingly have to deal with so-called "nuisance flooding" caused by ...
Derivatives Are Returning, With a Makeover
Derivatives that helped inflate the 2007 credit bubble are being remade for a new generation. JPMorgan Chase & Co. is offering a swap contract tied to a speculative-grade loan index that makes it ...
More U.S. Securities Class Actions Involve High-Frequency Trading
Investors have wasted no time making high-frequency trading, the subject of Michael Lewis' recent best-selling book "Flash Boys: A Wall Street Revolt," a focus of securities class-action litigation, ...