Markets
Key to Better Cyber Coverage: Make Underwriters and Techies Talk More
As insurers continue their push to meet fast-evolving cyber insurance demands, the coverage thus far appears to fall far short of what is still needed. This could change if underwriters and ...
New Forecast Model Predicts How Far Storm Waves Will Push Water Out on Beachfronts
When John Couch is certain a storm will hit Hatteras Island, he goes into action, moving merchandise in his auto parts store from bottom shelves to top ones and hauling away the most valuable items. ...
Asia Expansion Continues: BHSI Jumps Into Region’s Accident & Health Market
Berkshire Hathaway Specialty Insurance is making good on its pledge to expand in Asia, with news that it is jumping into the region's Accident & Health insurance market. The specialty insurance ...
Executives On The Move at QBE, BHSI, Aon and More
QBE North America brought in a new executive to guide development of its commercial agriculture business. Berkshire Hathaway Specialty Insurance launched a new accident and health division in Asia ...
Margin of Loss Reserve Adequacy Down to 2%; Well May Run Dry: Conning
Loss reserves for the U.S. property/casualty industry are still adequate, but the fat was trimmed down to roughly 2 percent of overall carried reserves for year-end 2015, an analyst reported last ...
Pension Fund Sues VW in Germany Over Emissions Scandal Losses
Volkswagen AG was sued by the California State Teachers' Retirement System in the latest lawsuit to emerge from the emissions cheating scandal that wiped more than $20 billion from the carmaker's ...
Manmade Climate Change Likely Contributed to Severity of French Floods
An international team of scientists has found that manmade climate change nearly doubled the likelihood of last month's devastating French flooding. In a quick but not peer-reviewed analysis, the ...
UK’s Insurance Act May Lead to More Intense Rate Competition: Fitch Wire
A new U.K. law, designed to make it harder for insurers to dispute commercial insurance claims, could lead to more intense price competition and slimmer margins for the sector, according to Fitch ...