Underwriting
Air Bag Maker Takata, Wounded by Safety Recall, Explores Rescue Talks
Potential rescuers of Japan's Takata Corp have extended talks, already in their 14th month, for a deal to take over the air bag maker at the heart of the auto industry's biggest safety recall, people ...
New Data Underscores How Common Distracted Driving Risks Have Become
With auto insurers increasingly worried about a spike in accidents related to distracted driving, results from a new study will only reinforce their fears. A little more than 52 percent of trips that ...
Apple Nears Road Testing Start of Self-Driving Car Software
Apple Inc. will soon take its self-driving car software platform to public streets for the first time, a major step that gets the world's largest technology company into a crowded race to reshape ...
Insurers Increasingly Worry About Political Risk Coverage
Evan Freely has been insuring global risks for years—through the 2008 market meltdown, the 2002 crisis in Argentina, and the 1993 downturn in Venezuela. Yet turmoil now seems to be coming at a more ...
Zurich Completes $551M Deal to Buy Cover-More, Australia’s Largest Travel Insurer
Zurich Insurance Group has completed its $551 million acquisition of Cover-More, an Australian travel insurer and service provider that operates in Australia, India and the U.S. This transaction is ...
Cyclone Debbie Cost P/C Insurers $1.3B, Swiss Re $350M
Cyclone Debbie cost Swiss Re an estimated $350 million and the insurance industry roughly $1.3 billion, the world's second-biggest reinsurer said on Thursday, an unusually high loss that could see ...
Cat Bond Issuance Hit $2.3B in Q1 as Market Habits Shifted: PCS
Catastrophe bond issuance reached $2.3 billion in the 2017 first quarter, a record level that landed slightly higher than the same period a year ago, the Property Claims Services Unit of Verisk ...
Congress Passes Bill to Boost National Weather Service Forecast, Storm Warning Research
The National Weather Service would have to boost research – including some from private companies – to improve forecasts and storm warnings under a bill headed to President Donald trump's desk. ...