Markets
Californians Urged to Buy Flood Insurance Ahead of El Niño
Federal emergency officials are urging Californians to buy flood insurance—even those who don't live near creeks or rivers—as El Niño conditions get underway in the Pacific Ocean, increasing ...
At Least 15 Dead in Strongest Aghan Quake in 60 Years
Afghanistan's strongest earthquake in more than six decades shook buildings across South Asia, prompting officials from Kabul to Islamabad to New Delhi to send out rescue teams to search for ...
Texas Hurricane Patricia Losses Could Be Billions; Mexico Spared
Damage from Patricia, the strongest hurricane ever measured in the Western Hemisphere, may cost the U.S. billions due to floods after the storm spared the largest cities in Mexico. Flooding in Texas ...
Court Dismisses $15B Facebook User Privacy Lawsuit; Harm Not Specified
Facebook Inc. won dismissal of a $15 billion lawsuit accusing the company of secretly tracking the Internet activity of its users after they log off. U.S. District Judge Edward J. Davila in San Jose, ...
Greenlight Re Posts Third Straight Quarterly Loss
Greenlight Capital Re Ltd. posted its third straight unprofitable quarter on losses in the investment portfolio overseen by hedge-fund manager David Einhorn. The net loss for the period ended Sept. ...
TransRe: Where Reinsurance Is Job 1
As a pure reinsurer, TransRe stands apart from hybrids that combine both primary insurance and reinsurance in their operating models. And that's a situation that CEO Michael Sapnar expects to ...
Reinsurance Execs Weigh In on Consolidation
Q: Consolidation. In your view, is M&A activity done in the reinsurance sector or is there more to come? What has been the impact of consolidation of insurers, reinsurers and brokers on the ...
Reinsurance Execs Weigh In on Pricing
Q: The Pricing Environment.Recent rating agency reports contained the following observations about the reinsurance pricing environment: S&P: "Price competition for global property/casualty ...