Underwriting
EU Regulators Warn of Cryptocurrency Pricing Bubble
Virtual currencies such as bitcoin have shown clear signs of a pricing bubble and consumers could lose all their money, the European Union's banking, securities and insurance watchdogs said on ...
CNA CEO Robusto Asserts ‘Heightened Underwriting Focus’ Helped Produce Solid Results
CNA sustained a dip in net income and took a catastrophe cost hit at the end of 2017, but the insurer saw its combined ratio actually improve. What's more, its 2017 net income of nearly $900 million ...
Takata Clears Path Out of Bankruptcy by Settling Air Bag Claims
Takata Corp.'s U.S. operations, pushed into bankruptcy by the largest automotive recall in U.S. history, settled with two groups representing victims of its faulty air bags, the company said in court ...
Buffett’s Business Wire Finally Fends Off Denial of Service Cyber Attack
Business Wire, the corporate news release distributor owned by Warren Buffett's Berkshire Hathaway Inc, on Friday said it had fended off a cyber attack designed to disable it, and that its system was ...
La Nina Will Likely Fade by Springtime
The current La Niña weather cycle is likely to transition into more neutral conditions by spring, a U.S. government weather forecaster said on Thursday La Niña is characterized by unusually cold ...
AXIS Capital’s Q4 Is a Money-Loser; CEO Benchimol Blames Catastrophes, Ogden Rate Change
AXIS Capital Holdings rounded out 2017 with a money-losing quarter, but the Bermuda-based insurer and reinsurer blamed more than just "significant" catastrophe losses. AXIS reported a 2017 fourth ...
Uber Will Pay $245M of Its Own Shares to Settle Waymo Self-Driving Auto Dispute
Uber Technologies Inc will pay $245 million worth of its own shares to Alphabet Inc's Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber's new chief executive ...
Europe’s January Windstorms Caused More than $2B in Insured Losses: Aon
European windstorms Friederike, Eleanor and Carmen wreaked widespread damage in January, causing insured losses of more than $2 billion, according to a report published by Impact Forecasting, Aon ...