Global Economy
Get Your Insurance, IKEA-style
A new competitor is jumping directly into the insurance market – IKEA Group, the Swedish maker of stylish and affordable furniture. The Wall Street Journal reported that the company began selling ...
Atlantic Hurricane Season Still Has Time To Rally
The Atlantic hurricane season isn't dead yet. As weather-watchers focus on Typhoon Vongfong in the Pacific and Cyclone Hudhud in the Bay of Bengal, a subtropical depression has formed south of ...
P/C Insurers Seize Cyber Coverage Market Opportunities
Insurers flush with capital are rushing to grab part of an expanding cyber coverage market that's been spurred on by high-profile hackings at JPMorgan Chase & Co. and Home Depot Inc. Sales are ...
Ebola Fears Lead To Tighter Port Ship Entry Procedures
Brazil, Argentina and the United States have tightened port entry procedures for ships that have sailed from West Africa in a bid to control the potential spread of the deadly Ebola virus. Ebola has ...
AIG Launches $1B Rail Catastrophe Policy
American International Group Inc., the largest commercial insurer in the U.S. and Canada, introduced a policy to help railroads handle losses from catastrophic accidents as more crude oil is shipped ...
XL Group’s Reinsurance Head is Retiring
There's a big executive change coming at XL Group plc: the head of its Reinsurance division will retire at the end of 2014. XL Group, a global insurance and reinsurance company, said it has already ...
Massive Typhoon Hurtling Toward Japan
The strongest tropical system the Earth has produced in almost a year is now churning in the Pacific Ocean on a track toward Japan. Super Typhoon Vongfong's exact strength may never be known. ...
Bond Insurer MBIA Hit By Data Breach; Wide Net of Damage Likely
Bond insurer MBIA was told two weeks ago about a server breach that compromised the data of thousands of local U.S. government entities, but it did not address the problem until earlier this week, ...