Underwriting
Insured Disaster-Related Losses Hit $49B in 2016, Well Above 2015 Levels
Insured losses from disaster events around the world cost $49 billion in 2016, a 33 percent jump over 2015. Much of the cost stemmed from Hurricane Matthew, earthquakes, hail and thunderstorms, ...
Brexit Fallout: More Global Insurers Considering European HQ Move to Ireland
A growing number of global insurers are considering moving to Ireland and some may choose to locate European headquarters there rather than Britain following that country's vote to leave the European ...
Yahoo Discloses Second Massive Hack Attack; More Than 1 Billion Hit in 2013
Yahoo! Inc. disclosed a second major security breach that may have affected more than 1 billion user accounts, another blow to the company's reputation as it nears the sale of its main web businesses ...
Reinsurance Sector Can’t Shake A.M. Best Negative Outlook, Despite Market Bottoming
The outlook for the reinsurance sector is being held at negative by A.M. Best, which cited continuing market challenges that will hinder the potential for positive rating actions and may eventually ...
Amazon Airdrops Popcorn in Drone Delivery Milestone
Retail giant Amazon.com Inc. has made its first drone delivery to an actual customer, dropping off a Fire TV device and a bag of popcorn to a house in the rural English countryside 13 minutes after ...Heading into 2017, Commercial Lines Keeps its A.M. Best ‘Negative Outlook’
The commercial lines segment won't be able to shake the negative outlook A.M. Best assigned it anytime soon. The ratings agency said it will keep that assessment the same heading into 2017, because ...
Google Spins Off Self-Driving Car Project Into New Company
Google parent company Alphabet Inc. is separating its self-driving car project into a new business called Waymo, seeking to sharpen its focus on changing the transportation industry. John Krafcik, ...
Lloyd’s Urges ‘Underwriting Discipline’ in Wake of 2016 Member Losses
Underwriters at Lloyd's of London lost money in 2016, driving the 90-plus syndicates in the insurance market to be more selective in the risks they take on and forcing Lloyd's to cut its subscription ...