Global Economy
Opinion: Calling Out Cyber Attackers Could Give Insurers Reason to Deny Claims
The $100 million lawsuit that Mondelez, the maker of Oreos and Cadbury chocolate, has brought against Zurich Insurance Group shows that governments should be more careful about identifying the ...
Global Reinsurance Capital Remains Resilient Despite Huge Cat Losses: Aon
Global reinsurance capital – comprising traditional and alternative capital – fell 2 percent in 2018 to $595 billion from $605 billion in 2017, remaining resilient in the face of insured natural ...
Iran Suspected Culprit Behind Hack Attacks on Govt., Communications Infrastructure
Cyber attackers in Iran could be behind a wave of hacks on government and communications infrastructure that will require a coordinated global response to repel, according to cybersecurity firm ...
Two InsurTechs Chosen to Represent North America in Zurich Innovation World Championship
Zurich North America chose two InsurTech companies to represent North America in its first-ever Zurich Innovation World Championship. Chisel, based in Toronto, is an AI-based provider of products and ...
An El Niño Seems Likely to Emerge This Spring
There is a 65 percent chance of an El Niño weather pattern emerging during the northern hemisphere spring this year, a U.S. government weather forecaster said on Thursday. "However, given the timing ...
EU Seeks to Give Insurance, Other Finance Regulators More Post-Brexit Powers
The European Union moved a step closer on Thursday to beefing up its regulators to increase safeguards for consumers and create an EU capital market that reduces the bloc's reliance on Britain's ...
Liberty Mutual Once Again Taps Capital Markets’ Reinsurance Capacity
Liberty Mutual has once again directly tapped capital markets' reinsurance capacity via the Bermuda collateralized reinsurance sidecar, Limestone Re Ltd. Limestone Re provides approximately $150 ...
J&J May Never Have to Pay Its $4.7 Billion Baby Powder Court Loss
A $4.7 billion jury verdict against Johnson & Johnson in July helped spark the company's biggest annual share loss in a decade, spotlighting the potential cost of alleged health risks from its ...