Leadership & Strategy
FM Global Swings to $774M Net Profit for Full-Year 2012
Johnston, R.I.-based FM Global, one of the world's largest business property insurers, announced $774 million net income for the full-year 2012. That compares favorably to a net loss of $41.5 million ...
Imagining A Future Filled With Driverless Cars
Visions of robotic self-driving cars may appear like something from a George Lucas film but in June 2011, this vision took a giant leap toward becoming reality when Nevada became the first state to ...
On Energy Agenda, Obama Pushes Research Fund For No-Gas Autos
President Barack Obama tried to move past partisan fights over U.S. energy policy on Friday with a modest proposal to fund research into cars that run on anything but gasoline. Obama toured the ...RAA: U.S. Reinsurers Had Higher Premiums, Improved Underwriting Results in 2012
The Reinsurance Association of America said a group of 19 U.S.-based property/casualty reinsurers reported higher net written premiums and net income for 2012 compared to 2011. The RAA said Thursday ...
Cyber Insurance Buys Up 33% in 2012, Prices Flat, Underwriters Asking Questions: Marsh
More companies are turning to cyber insurance to protect their organizations from the financial consequences of a data breach or cyber attack, according to a recently issued report by Marsh, which ...
U.S. Oil Boom Protects World From Supply Shocks, IEA Says
Soaring U.S. oil production should be enough to allow consumers withstand most potential supply shocks, the International Energy Agency (IEA) said on Wednesday, as it cut estimates for global oil ...
P/C Industry Suffers Worst 4Q In A Decade: SNL
SNL Financial reported recently that property/casualty industry fourth-quarter 2012 underwriting results, buffeted by losses from Superstorm Sandy, are on track to come in at the worst level for any ...
New Mexico Legislature Clears State For Blast-Off; Bill Limits Liability For Space Industry
The New Mexico Legislature gave final approval Monday to a proposal that Gov. Susana Martinez says is critical for the state to develop a commercial space travel industry. Legislation to limit the ...