Underwriting
California Blames Wildfires for Making Homeowners Insurance Increasingly Unaffordable
More frequent and intense wildfires are making it harder for homeowners to find and keep insurance in California, a state regulator warned Thursday. "The problem of insurance availability is going to ...
Beijing Makes Strides Against Smog as New Delhi’s Air Worsens
Beijing may have turned a corner in its battle against the city's notorious smog, according to Reuters calculations, and environmental consultants say the Chinese government deserves much of the ...
Insurers Will Pay Unprecedented $135B in Natural Catastrophe Claims for 2017: Munich Re
Insurers will have to pay claims of around $135 billion for 2017, the most ever, following a spate of hurricanes, earthquakes and fires in North America, according to a report published on Thursday. ...
A New Record: Catastrophe Bond Issuance Surpasses $10.5B in 2017
Catastrophe bond issuance surpassed $10.5 billion in 2017 - a new record, according to the latest report from the Property Claims Services Unit of Verisk Insurance Solutions. Results from 2017 are ...
Sompo International to Boost Surety Market Presence With Lexon Acquisition
Sompo International, a Bermuda-based specialty insurer and reinsurer, is making an acquisition designed to boost its presence in the surety market. The transaction will take place through its U.S. ...
Qatar Re Will Acquire Markerstudy Companies Based in Gibraltar
Qatar Reinsurance Co. Ltd. has signed an agreement to buy four Gibraltar-based insurers from Markerstudy Group. Financial details of the deal were not disclosed, but Qatar Re said that Markerstudy ...
Massive Winter Storm Predicted, From Florida to Canada
The worst winter storm of the season threatens to bring snow, ice and cold from Nova Scotia to Florida, including a foot or more in Boston and a few inches in Manhattan. Winter storm warnings and ...
Airbnb Defeats Apartment Complex Lawsuit Concerning Unauthorized Subleases
Airbnb Inc. defeated a lawsuit by Apartment Investment & Management Co., one of the largest residential landlords in the U.S., alleging that the online home-sharing marketplace enables tenants to ...