Underwriting
P/C Insurance Execs Expect TRIA Renewal, But Split on Workers Comp Profits
While more than 90 percent of property/casualty insurance industry executives say they expect renewal of the Terrorism Risk Insurance Act, the jury is out on whether commercial lines profits will ...
Northridge Earthquake Today Could Cost Insurers $20B: RMS
An earthquake like 1994's Northridge, California quake could cause $20 billion in insured losses today, catastrophe modeling firm RMS said last week. RMS made the announcement on Friday, Jan. 17, ...
Brown & Brown to Acquire Flood, Specialty Insurer Wright Insurance Group
Florida-based national insurance broker Brown & Brown, Inc. has agreed to acquire The Wright Insurance Group, LLC for $602.5 million from Aquiline Capital Partners, Wright's lead equity partner. ...
U.N. Report Outlines Climate Change Solutions
Governments may have to extract vast amounts of greenhouse gases from the air by 2100 to achieve a target for limiting global warming, backed by trillion-dollar shifts towards clean energy, a draft ...
Google’s Buy of Nest Labs Seen Improving Smart-Home Gizmo Connections
Google Inc. is jumping into digital home automation with its acquisition of Nest Labs Inc., shining a spotlight on an unproven market that has so far been filled with expensive devices that can't ...
Desjardins Group to Acquire State Farm Canada Businesses
Desjardins Group, the leading cooperative financial group in Canada, announced Wednesday that it has entered into a definitive agreement to purchase State Farm Canada's property/casualty and life ...
U.S. P/C Insurers Face Challenge in 2014 Trying to Match 2013 Performance
The U.S. property/casualty insurance industry reported strong performance in 2013, but in 2014, the industry may find it difficult to match last year's results as insurers begin to face more ...
Inadequate Shareholder Disclosure and Other Killer Risks
While most of the killer risks that can torpedo a company exist within the walls of the organization, the deadliest—in terms of its hidden impact—relates to external communications, a risk expert ...