Underwriting
For 7 Years Running, U.S. Commercial Auto Remains a Money-Loser: Fitch Ratings
U.S. commercial auto insurance remains a trouble spot for carriers even with ongoing attempts to reverse stubborn underwriting losses, Fitch Ratings said in a new report. As a result, Fitch is ...
U.S. Regulator Calls for Greater Disclosure of Power Grid Cyber Attacks
The U.S. government on Thursday asked power generators to disclose more information about cyber attacks amid growing concern that foreign hackers could disrupt the electric grid. The Federal Energy ...
May Pushes Her Brexit Plan as Practical and Workable
British Prime Minister Theresa May's speech on Friday about Brexit had two audiences who weren't in the room: the European Union, whom she urged to engage with her proposals, and her own party. "Our ...
New York City Climate Lawsuit Against Major Oil Companies Dismissed by U.S. Judge
A U.S. judge on Thursday dismissed a lawsuit by New York City seeking to hold major oil companies liable for climate change caused by carbon emissions from burning fossil fuels. In dismissing the ...
Travelers’ Q2 Dinged by Higher Cat Losses; Net Written Premiums Soar
The Travelers Companies, Inc. saw its net income dip and its combined ratio rise during the 2018 second quarter, due largely to a spike in catastrophe losses. Net income for the quarter came in at ...
China’s Anbang Insurance Reportedly Prepping to Sell $10B in Overseas Properties
China's Anbang Insurance Group Co Ltd is looking to offload overseas properties worth about $10 billion to shore up its balance sheet as part of a government-backed rescue, three people with ...
UK Insurers, Banks Warned to Prepare for ‘Hard’ Brexit
Britain's banks and insurers must plan for a "hard" Brexit in case a transition period is not in place next March, a senior British regulator said on Thursday in a warning echoed by Brussels. "With ...
AIG Closes $5.6B Validus Acquisition; Q2 Earnings Out on Aug. 2
When American International Group reports its 2018 second-quarter financial results on Aug. 2, it will be the proud new owner of Validus Holdings. AIG disclosed on July 18 that it has closed a $5.6 ...