Risk
Canopius Unveils U.S. Property Re Expansion Push
Canopius Group Ltd., a global specialty reinsurance company based in the U.K., will expand its U.S. operations nearly a year after getting snatched up by a Japanese casualty insurance giant. Canopius ...
U.S. Government Will Revisit Oil Train Risks
U.S. studies of oil train dangers may have underestimated the perils of volatile vapor on the tracks and officials will in future use precision instruments for more thorough tests, a Transportation ...
Home Depot Data Breach Liability Lawsuits Have Already Begun
Home improvement retailer Home Depot Inc has been sued over data breach by a customer, saying the company failed to properly safeguard customer data from hackers, a lawsuit filed in a Chicago federal ...
Allstate Hopes Timber, Real Estate will Boost Struggling Annuity Unit
Allstate Corp. is betting on timber and real estate to boost returns at a struggling annuity unit. "We do need to figure out what we do with our annuity business," Chief Executive Officer Tom Wilson, ...
Brokers and Hedge Fund Lose Bankruptcy Claim Against Lehman
Co-underwriters with Lehman Brothers Inc. don't have so-called contribution claims against the liquidated investment bank related to offerings in which it was the lead underwriter in the sale of its ...
Baseball Fans Increasingly Confront Foul Ball Injury Risk
From his perch in the Atlanta Braves infield on May 20, third baseman Chris Johnson heard what sounded to him like the crack of two bats in quick succession. The first was a line drive off the bat of ...
Report: Global Reinsurance Capital Hits Record High
Global reinsurance capital hit an estimated $570 billion in the first six months of 2014, a new record as the money sources for the sector continued to flourish. Aon Benfield noted the milestone as ...
Marsh, Aon Benfield Launch Cyber Covers Aimed at Cat, Re Buyers
Some major industry players have launched new policies designed to address growing need and demand for cyber insurance. Marsh, the global brokerage unit of Marsh & McClennan Cos., recently ...