Underwriting
Willis Redux of Aon-Berkshire Scheme Will Be Negative for Lloyd’s: Moody’s
Reacting to news that Willis Group Holdings is close to signing up insurers for a "passive underwriting scheme" at Lloyd's of London, Moody's Investor's Services said the new scheme would be a credit ...
Classic-Auto Values Rise 54% Reviving Detroit Repair Shops, Specialty Insurance Market
In car-crazy Detroit, a booming auto industry means more than a paycheck and benefits. For thousands of people who make their living off of cars, it also means again having the cash to baby their ...
iPhone Fingerprint Reader Talk Boosting Biometric Stocks: Tech
As the technology world buzzes with speculation that the next iPhone will have a fingerprint reader, makers of biometric security devices are bracing for a race among smartphone makers to adopt the ...
More Reforms Needed for Flood, Wind Insurance Programs: Concerned Scientists
A new report this week from the Union of Concerned Scientists, a watchdog group, warns that sea level rise and worsening storm surge are increasing both the risks of flooding in coastal communities ...
AIG Expands D&O Side A Capacity to $100M
American International Group, Inc. announced Thursday that it is now offering globally up to $100 million in limits for Side A directors and officers liability insurance. Side A insurance responds ...
U.S. Homebuilder Confidence Highest Level Since ’05; Jobless Claims Lowest Since ’07
Confidence among U.S. homebuilders rose in August to the highest level since 2005 as demand for new homes supports the market amid rising mortgage rates. The National Association of Home ...
Gulf Of Mexico Evacuations Start; Storm Threat To Oil, Gas Ops
Some Gulf of Mexico oil and gas operators began evacuating workers from offshore facilities but kept production flowing on Thursday as a low-pressure system threatened to strengthen into a cyclone. ...
Sinkholes Not Occurring More Frequently In Florida
Sections of a building at a resort near Orlando's theme park district collapsed into a sinkhole late Sunday, forcing the evacuation of 105 guests in the structure and also dozens of visitors staying ...