Underwriting
Autonomous Cars (and Their Hacking Risks) Move Insurance Liability to Manufacturers
Hacker attacks or faulty software could shift the burden of legal and regulatory liability toward makers of self-driving cars and away from customers, experts say, forcing regulators and insurers to ...
U.S. Railroads May Escape Risky Freight Obligations if They Miss Jan. 1 Safety Deadline
U.S. railroads may not be obligated under federal law to carry freight including crude oil and hazardous materials from Jan. 1 if they fail to meet a year-end deadline for implementing new train ...
Allianz & Maiden Keep Automotive OEMs in Sight With Expanded Insurance Partnership
Allianz is expanding its alliance with Maiden Holdings with a goal of bringing new insurance coverage to automotive original equipment manufacturers and their customers. Neither side is disclosing ...
Drought’s Economic Damage Went Global in August: Aon Benfield
Severe drought in the western U.S. caused economic losses in August of at least $3 billion, mostly from agricultural damage in California, Aon Benfield's Impact Forecasting said in a new report. ...
Report: Zurich Pulling Together $8.4B Financing For RSA Bid
Zurich Insurance Group AG has arranged 5.5 billion pounds ($8.4 billion) in financing for the takeover of smaller rival RSA Insurance Group Plc, according to people with knowledge of the plan, ...
Reinsurance M&A Intensifies in Competitive Market Environment
The reinsurance industry is in a state of transition as unutilized capital and the threat of alternative reinsurance providers, combined with slowing premium growth and sagging investment yields, ...
AIG Aims for Couture Crowd With Designer Clothing Coverage
American International Group is aiming for more high net worth policyholder business with new coverage for couture and other designer clothing – items than can be worth thousands of dollars. AIG is ...
Lloyd’s Tallies $4.6 Trillion in At-Risk GDP in 301 Cities
In the first-ever Lloyd's City Risk Index, analyzes the economic output at risk (GDP at risk) in 301 major cities from 18 manmade and natural threats over a ten-year period. It concludes that "$4.6 ...