Underwriting
Global Natural Catastrophe Insured Losses Hit Record $144B in 2017: Swiss Re
Global insured losses from natural catastrophes were $144 billion in 2017—the highest-ever recorded in a single year, according to the latest sigma study from the Swiss Re Institute. The biggest ...
Wells Fargo Reportedly Risks Record Fine From U.S. Consumer Watchdog for Various Abuses
The top U.S. watchdog for consumer finance is seeking a record fine against Wells Fargo & Co that could exceed several hundred million dollars for auto insurance and mortgage lending abuses, ...
Proposed Uber Settlement Addresses Pay Disparity, Sexual Harassment Claims
Uber Technologies Inc.'s $10 million settlement with women engineers who complained they were underpaid compared with men would also rid the ride-hailing giant of liability for potentially hundreds ...
Terrorism Insurance Still a Stable Market Even as Threats Evolve: Marsh Report
Terrorism insurance markets should remain stable even as threats rise and the types of attacks have continued to evolve. That's thanks to a nimble and proactive industry, Marsh asserts in a new ...
Carriers Struck With Nearly $700M in Dog Bite Claims for 2017
Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2017, costing almost $700 million. That's according to the Insurance ...
U.S. Pipeline Owners Risk More Regulation Over Unreported Cyber Attack
A cyberattack that U.S. natural gas pipeline owners weren't required to report has lawmakers taking a closer look at how the industry is handling such threats, raising the prospect of tighter ...
Britain’s Financial Watchdog Calls for EU Brexit Coordination
Britain's financial watchdog called on Monday for immediate coordination with European Union counterparts to ensure that Brexit is as smooth and stable as possible for markets. The Financial Conduct ...
Nationwide Vet Miller to Launch E&S-Focused Specialty Insurer
Ex-Nationwide veteran executive Mike Miller plans to roll out a new digitally-focused specialty property/casualty insurer. Dubbed Ategrity Specialty Insurance Company, the fledgling insurer will ...