Markets
Customers Love Amica for Homeowners Insurance; Erie Reigns with Renters
Amica Mutual tops all other carriers in terms of homeowners insurance customer satisfaction for the second year in a row. Erie Insurance scored a similar number-one slot in terms of renter insurance, ...
Volkswagen CEO Apologizes After EPA Finds Emissions Test Cheating
Volkswagen has ordered an external investigation after U.S. regulators found software the carmaker designed for diesel cars gave false emissions data, its CEO said on Sunday, adding he was "deeply ...
Computer Models Failing to Predict Path of Wildfire Flames
Wildfires that have raged in California this summer haven't just overwhelmed firefighters. They've also stumped computer models designed to predict the intensity of flames and where they'll burn. ...
Fosun Reportedly Negotiating to Snatch Up RSA’s Middle Eastern Business
Fosun International Ltd., the conglomerate founded by Chinese billionaire Guo Guangchang, is in advanced discussions to acquire RSA Insurance Group Plc's Middle East business, people familiar with ...
Competition Consumers Deserve: PCI Opinion
Consider the scenario: A family of three suffers an accident and needs to replace several parts on their car. It's an expensive ordeal. And in our current system drivers are forced to rely largely on ...
Insurers in Chile Should be Able to Handle Quake Claims: Fitch Ratings
Chile continues to assess the damage of an 8.3 magnitude earthquake that killed more than 10 people on Sept. 17 and led to the evacuation of over 1 million people around the coast, according to media ...
China Re Gains Hong Kong Stock Exchange Approval to Launch $2B IPO
China Reinsurance Group Corp., the nation's biggest reinsurer, received Hong Kong stock exchange approval for an initial public offering, people with knowledge of the matter said. The Beijing-based ...
Cyber Attacks Bring Insurers and Other New Clients to Defense Firms
A broadening wave of cyber attacks is drumming up new clients for defense companies as anxiety about the loss of sensitive data spreads from military chiefs to company bosses. Banks, utilities and ...