Global Economy
Marsh: Federal Terrorism Reinsurance Renewal Reestablished Normalcy
In the wake of the brief lapse and then renewal of the U.S. federal terrorism reinsurance program in early 2015, Marsh has looked at the related risk insurance climate in a new report. The verdict: ...
Toyota Supplier: Autonomous Car Tech 15 Years From Full Launch
The technology to make cars fully autonomous probably won't be established until at least 2030, according to the top supplier for the world's biggest automaker. The auto industry will take ...
BHSI Unveils E&O Coverage For U.S. Insurance Executives and Employees
Berkshire Hathaway Specialty Insurance (BHSI) is rolling out Professional First Insurance Company Professional Liability Insurance, which provides customizable coverage for U.S. insurance companies, ...
Swiss Re: Non-Life Insurance Premium Growth Still Misses Pre-Crisis Levels
Non-life insurance premium growth continued to improve in 2014, fueled by a stronger performance in advanced markets. But it still averages less than before the 2008 financial crisis, Swiss Re said ...
U.S. Vents in Meetings With China About Cyber Theft Concerns
The United States said on Tuesday that cyber theft sponsored by the Chinese government was a major problem and stressed the need to keep Asian sea lanes open as the world's two biggest economies held ...
Ford Pledges to Accelerate Self-Driving Car Development
Ford Motor Co is joining other global automakers in stepping up efforts to roll out self-driving cars, company executives said on Tuesday. The U.S. automaker will expand advanced safety technology, ...
A Relatively Quiet Atlantic Hurricane Season Could Still Produce a Big One
While individual storms could make landfall and wreak havoc, The 2015 Atlantic hurricane season is likely to be a relatively quiet one overall, Guy Carpenter said. The risk and reinsurance specialist ...
Hit by ‘Nigerian Prince’-Style Scam? Beazley Launches Coverage for That
Beazley has a new coverage endorsement addressing fraud that happens when a company is convinced to transfer funds to an outside party due to criminal impersonation. The specialist insurer said the ...