Global Economy
AIR Worldwide Views Two Recent Japan Storms as Costly
AIR Worldwide said that a recent storm that struck Japan, combined with a substantial typhoon earlier this summer, could leave behind costly damages. The catastrophe modeling firm noted that typhoon ...
Typhoon Leaves Japan on Flood and Landslide Alert
Japan maintained flood and landslide warnings covering much of the nation after Typhoon Halong moved out to the Sea of Japan this afternoon. Halong crossed Shikoku, the smallest of Japan's four main ...
Light Hurricane Season Now Even More Likely
Forecasters with the National Weather Service raised the likelihood for a below-normal season in their most recent Atlantic hurricane season outlook. The update predicts a 70 percent chance of a ...
Allianz Profit Boost Fueled, in Part, by Fewer Natural Disaster Claims
Allianz SE, Europe's biggest insurer, said second-quarter profit rose 11 percent, helped by higher earnings at the life and health insurance unit and lower natural disaster claims. Net income ...
National Hurricane Center Focuses on Improving Long Term Forecasts
Advancements in weather prediction tools have allowed the National Hurricane Center (NHC) to introduce two new products, a storm surge flood prediction map and a five day tropical weather graphical ...
Munich Re Slammed by Belated Japan Snowstorm Claims
Munich Re, the world's biggest reinsurer, reported second-quarter profit that missed analyst estimates, hurt by claims linked to a snowstorm in Japan. The shares dropped the most in three months. Net ...
ACE Group Beefs Up European Cyber Risk Insurance Practice
ACE Group recently took a number of steps to beef up its cyber risk insurance practice overseas, underscoring the increasing demand for coverage in this area. The company, one of the largest ...
Investors Reward Zurich For Payout and Profit News
Zurich Insurance Group AG, Switzerland's biggest insurer, surged after saying it will distribute more than $3.5 billion in cash this year and operating profit climbed. The shares advanced as much as ...