Underwriting
Insurer/Investor Group Urges G20 Economies to Phase out Fossil Fuel Subsidies
Investors and insurers with more than $2.8 trillion in assets under management on Wednesday called on the Group of 20 economies to phase out fossil fuel subsidies by 2020 despite U.S. doubts about ...
Lloyd’s CEO Beale Sees Insurance Opportunities in Trump Trade Threats
Lloyd's of London Chief Executive Officer Inga Beale said Donald Trump's presidency and the U.K.'s planned exit from the European Union are creating opportunities to sell insurance guarding ...
AIG Loses $3.04B in Q4, Slammed by Higher-Than-Expected Claims Costs
American International Group Inc. posted its fourth loss in six quarters, burned again by higher-than-expected claims costs as Chief Executive Officer Peter Hancock struggles to sustain ...
Flood Risk Catastrophe Modeler Launches U.S. Office
JBA Risk Management, a provider of flood risk catastrophe modeling information in the UK, Canada and elsewhere, has launched a California-based U.S. office. "We are thrilled to be expanding our ...
AIR Worldwide’s New Colombia Earthquake Model Wins Regulatory Approval
AIR Worldwide's earthquake model for Colombia has gained insurance regulatory approval in the country. The catastrophe modeling firm said that the model can now be used by domestic insurance ...
Kemper CEO Says 2016 Results Reflect ‘Substantial Progress’
Catastrophe losses and higher personal auto expenses led, in part, to a sizable drop in net income for Kemper Corp. in 2016. In Q4, the insurer saw those numbers improve compared to the previous ...
Pending New York Cybersecurity Regs Risk Raising Loss Potential: Fitch Ratings
New cybersecurity regulations in New York could raise loss potential for insurers, even as they fuel premium growth for both the cybersecurity and directors and officers sectors, Fitch Ratings said ...
DuPont, Chemours Will Fork Over $671M to Resolve Chemical Leak Lawsuits
DuPont and Chemours Co have agreed to pay $671 million in cash to settle thousands of lawsuits involving a leak of a toxic chemical used to make Teflon, the companies said on Monday. Shares of ...