Global Economy
Allianz: Business Interruption Remains Huge Risk; Cyber Gaining Fast
Business interruption is the top concern of risk managers heading into 2016 for the fourth year in a row, but cyber is a fast-growing corporate worry, according to a new report from Allianz Global ...
Aspen Buys AgriLogic, Bringing More Changes to U.S. Crop Insurance
Aspen Insurance Holdings snatched up AgriLogic Insurance Services, a Kansas-based crop insurer and agriculture consultant, bring more changes to a sector that has already seen a spike in buying and ...
VW Pressured to Compensate Europe Customers in Emissions Scandal
Germany's justice minister and Europe's industry boss raised the pressure on Volkswagen to compensate European consumers as well as U.S. drivers for its diesel emissions scandal, potentially adding ...
China’s Anbang Insurance Plans More New York Investments
Anbang Insurance Group Co., the Chinese insurer whose almost $2 billion purchase of New York's Waldorf Astoria hotel set a U.S. industry record, isn't done investing in the financial capital. "New ...
Zurich’s Troubles Mount With Predictions of More General Insurance Losses
Zurich Insurance Group AG fell to the lowest in more than three years after Switzerland's biggest insurer put shareholders on notice that it expects a second straight quarterly loss in its general ...
Ironshore Aims to Cover U.S./Canada Wood Frame Commercial Construction
An Ironshore division plans to start covering wood frame commercial construction products in the U.S. and Canada. Ironshore Global Property will accomplish this through expansion of its Builders' ...
Lloyd’s Discloses Standardized Data Requirements for Cyber Risks
Lloyd's of London has developed common core data requirements for cyber risks, a task achieved through collaborating with modeling firms AIR Worldwide and RMS, along with RMS' partner, the Cambridge ...
Hiscox Adds Nuclear and Biothreat Coverage to Terrorism Portfolio
Hiscox said it has beefed up its terrorism coverage, with an eye on addressing nuclear, chemical or biological threats. The specialist insurer also noted it provides the coverage, including policies ...