Markets
Virtual Reality and Augmented Reality: The Next Best Thing to Being There
Virtual reality (VR) and augmented reality (AR) are gaining steam as companies design and develop products to engage us both in the workplace and as a leisure activity. Largely driven by advances in ...
Executives On The Move at Everest Re, Beazley and Ironshore
A former AIG executive will lead a new business unit at Everest Re. Beazley is expanding its U.S. environmental liability insurance team with a number of new executive hires. Ironshore promoted a ...
Earthquake Insurance Rate Spikes Worry Oklahoma Regulators
Oklahoma regulators grappling with a massive increase in small earthquakes in the state linked to growing oil and gas production said on Tuesday they were concerned with spiking rates for earthquake ...
London Market Risks Casualty Reserve Shortfall: PwC
There is a real risk that casualty reserves for business written in 2015 will run off at a loss in the future, according to PwC's London insurance/reinsurance market review of reserve adequacy. PwC ...
A.M. Best: ‘Benefits to Be Gained’ From Flood Insurance Market Expansion
The U.S. Senate is gearing up to consider a bill that would revamp and expand the U.S. flood insurance market, and its passage appears likely. A.M. Best said this will be a very good development for ...
Rio Olympics Proceeds Despite Health Risk Reservations
Should the Olympics proceed in Rio de Janeiro in August as planned? With the lighting of the torch set to take place in less than three months, a handful of medical experts are calling for the games ...
Chubb Risk Watch: U.S. Chemical Firms Pursuing Global Expansion
One major commercial risk the P/C insurance industry is wary about in the months ahead involves U.S. chemical firms expanding abroad. A new Chubb advisory warns they face potential challenges ...
AIG to Offer Equity Crowdfunding Insurance
American International Group has launched a new insurance product to protect investors on equity crowdfunding platforms against issuer fraud. Crowdfunding Fidelity protects individual investors ...