Underwriting
U.S. Wildfires Get Bigger, More Frequent; Climate Change May Continue Trends
Wildfires across the western United States have been getting bigger and more frequent over the last 30 years—a trend that could continue as climate change causes temperatures to rise and drought to ...
Boston Marathon Attacks Changed Terrorism Insurance Customer Base
For landlord Peter Zagorianakos, terrorism insurance wasn't a necessity until the bombs went off last April at the Boston Marathon and revealed a frightening pattern. Two buildings he owns stand ...
Few Will Buy Insurance Against A Chinese Financial Meltdown
Selling insurance against a financial crisis should not be difficult, five years after the last one nearly wrecked the global economy. But when it comes to China, the world's second-largest economy, ...
Reinsurance Market Softness Extends ‘As Far As the Eye Can See,’ CEO Says
The question that crops up whenever reinsurers experience soft market conditions is again being posed to industry executives, with leaders giving varying answers to analysts asking, "What kind of ...
Private Market Can’t Reach TRIA Levels of Terror Cover: Govt. Report
Those who back renewing the Terrorism Risk Insurance Act, or TRIA, got shot in the arm on April 17 from federal regulators who have concluded that the private market can't provide reinsurance for ...
SEC Unveils Blueprint for Cyber Security Exams of Wall St. Firms
U.S. securities regulators have unveiled a road map that lays out how they plan to make sure Wall Street firms are prepared to detect and prevent cyber security attacks. The nine-page document, ...
Lancashire Holdings Founder Richard Brindle to Retire
Lancashire Holdings Ltd. announced Wednesday that Richard Brindle, who has served as CEO of the group since he founded the business in 2005, will be retiring effective April 30. Alex Maloney, ...
Why Hands-Free Cellphones Are Not Safer: Safety Council
A National Safety Council public opinion poll indicates that 80 percent of drivers across the country believe that hands-free devices are safer than using a handheld phone despite evidence to the ...