Underwriting
UPC to Take Over Policies of Florida’s Insolvent Sunshine State
Florida regulators have taken over an insolvent domestic residential property insurer, but a deal is in the works for another private company to assume the insurer's 37,000 policies. A Leon County ...
Bipartisan TRIA Renewal Bill Advances Out of Senate Committee
The effort to renew the Terrorism Risk Insurance Act, or TRIA, moved forward on June 3 as a bipartisan bill advanced out of the Senate Banking Committee with a few amendments attached intended to ...
Endurance Ups Its Bid For An Unimpressed Aspen
Endurance Specialty Holdings Ltd. promised it wouldn't give up on a merger with Aspen Insurance Holdings Ltd., and so it is trying again with a higher bid. The Bermuda specialty insurance and ...
Industry Prediction: Expect P/C Market Stability Through 2014
The federal terrorism risk insurance backstop, in place in one form or another since 2002, will likely be reauthorized by Congress, and in the absence of a major catastrophe — man-made or otherwise ...
Greenpeace: “Fossil Fuel” Execs Risk Lawsuits For Denying Climate Change
Environmental groups said executives of coal, oil, gas and other "fossil fuel" companies could be held liable and risk lawsuits if they support groups that deny climate change and resist policies to ...
AIG’s Rehab Continues With Improved S&P Outlook
The rehabilitation of American International Group Inc. continues with news that Standard & Poor's Ratings Services has improved its outlook for the insurance conglomerate. Two years after AIG ...
Opinion: Risk Versus Reward In The ‘Internet of Things’
I hope it's not true that Apple's next big bet will be on the "Internet of things." The concept is a useless and dangerous one, and now Apple's powerful marketing machine may join Google's in selling ...
Thailand’s Political Turmoil Creates Business Risks
Sony Corp. and Panasonic Corp. are among companies advising workers against traveling to Thailand as evidence mounts that political turmoil in the country is undermining business activity there. ...