Underwriting
London’s Parhelion Underwriting Is First to Insure California Carbon Credits
Parhelion Underwriting Ltd. became the first insurer to offer a policy to protect companies from the invalidation of carbon offset credits sold as part of California's cap-and-trade program. ...
U.S. Needs Stronger Action Against Trade Secret Theft by China: Commission
Theft of trade secrets, chiefly by China, costs the U.S. economy $300 billion a year and must be fought with sanctions as tough as those used against terrorism and drug trafficking, an advisory panel ...
Top 15 Global Insurance Markets: 2020
Peering into the future, Munich Re reported that the global property/casualty insurance market would grow to 1.85 trillion euros ($2.4 trillion) by 2020, also providing a breakdown of the largest ...
AIG Sues Convicted U. of Virginia Killer Huguely Over Insurance Probe
George W. Huguely V, the ex-University of Virginia lacrosse player convicted of murdering his sometime girlfriend in May 2010, was sued by American International Group Inc. over his refusal to ...Karen Clark & Co.’s New Tool Creates Realistic Hurricane Footprints, Tailored Loss Estimates
Just in time for the 2013 hurricane season, Karen Clark & Co. (KCC), a catastrophe risk and modeling firm, has released a scientific tool for creating hurricane tracks and wind speeds. Named ...
Florida Catastrophe Fund Stronger As Storm Season Nears
Florida is heading into a new storm season with some good news for once. The state-created fund that backs up private insurers in Florida is in the best financial shape it has been in years — maybe ...
CFOs Express Growing Confidence in U.S. Economy
During the past year, chief financial officers (CFOs) have grown significantly more confident in the U.S. economy. The 2013 Spring CFO Survey from Grant Thornton LLP reveals that 45 percent of ...
Workers’ Compensation Results Looking Better: NCCI
The workers' compensation market is seeing encouraging signs. Premiums grew for the second consecutive year, the combined ratio declined and claim frequency continued to improve at a pace slightly ...