Underwriting
Cyber Criminals Routinely Strike U.S. Brokerages and Advisers: SEC
U.S. brokerage firms and financial advisers are a routine target of cyber criminals and some have lost money as a result of fraudulent emails requesting transfers of client funds, the U.S. Securities ...
RMS Debuts Global Tsunami Scenario Catalog
RMS released a global tsunami scenario catalog to help insurers and reinsurers assess risks in high exposure regions they cover. The catastrophe modeling firm touted the catalog as the first of its ...
Uber, Carnegie Mellon, Link on Driverless Tech Research Partnership
Uber Technologies, the controversial app-based ridesharing service, is launching a partnership with a major university focused on developing new autonomous driving technology. Uber disclosed the news ...
The Hartford’s Renewed Focus on Property/Casualty is Paying Off
Hartford Financial Services Group Inc., the insurer that sold life units to focus on property-casualty coverage, said fourth-quarter profit rose 22 percent as sales climbed at its main unit and ...
Dry Weather Threatens Russia’s Wheat Crop
When Russia's spiraling inflation drove up bread prices last year, a bumper wheat crop helped contain costs. The next harvest isn't looking so good. Dry weather left wheat vulnerable to damage this ...
Chicago Winter Storm Stalls Air Traffic and Advances to the Northeast
A winter storm shutting down air traffic in Chicago and threatening the city with blizzard conditions will drop snow on the eastern U.S., including New York, during the Monday morning commute. Winds ...
Chubb’s Combined Ratio Improves, But Q4 Profit Dips
Chubb Corp., the insurer of high-end homes and mega-yachts, said fourth-quarter profit fell 1.9 percent as investment income declined. Net income dropped to $558 million, or $2.35 a share, from $569 ...
The Program Market is Drawing New Interest, But Not All Competition is Good
The program insurance business market has enjoyed years of growth and appears on track to continue its expansion. However, while program business is attracting new interest, some participants are ...