Underwriting
Report: AIG In Early Talks to Sell Lloyd’s Insurance Business
American International Group Inc is in early talks to sell Lloyd's of London Ltd's insurance operations to Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported on Tuesday. ...
Reinsurers’ Catastrophe Defenses Weakened by Hedge Fund Rivals
It won't take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year ...
Many Railroads Make Little Progress Adopting Safety Technology
Many commuter and freight railroads have made little progress installing safety technology designed to prevent deadly collisions and derailments despite a mandate from Congress, according to a ...
Uber Embraces Self-Driving Trucks With Otto Acquisition
Ride service Uber Technologies Inc said on Thursday it has acquired the self-driving trucks startup Otto, and it also announced that Volvo Car Group has agreed to a $300 million alliance to develop ...
Louisiana’s Affected Storm Areas Have Low Flood Insurance Penetration: RMS
It's bad enough that the heavy rainfall and massive flooding that began in Louisiana on Aug. 12 has damaged more than 50,000 homes. There's also this: A relatively small amount of businesses and ...
PCS Unveils Historical Catastrophe Database for Turkey
Property Claim Services has gone live with a new historical catastrophe database for Turkey, an advance that the data analytics provider said will be helpful for both insurers and reinsurers. "The ...
Reinsurers Successfully Protect Themselves With Strong Enterprise Risk Management: S&P
The reinsurance sector's focus on strong enterprise risk management (ERM) frameworks is helping them weather the many headwinds hitting both the asset and liability sides of their balance sheets, ...
Artificial Intelligence in Commercial Insurance
"Artificial intelligence" (AI) is splashed across the daily headlines. For example, an AI application recently beat the human Go champion, autonomous cars are edging closer to mainstream use, social ...