Markets
Californians, Beset by Wildfires, Pursue High-Risk Insurance Market
There are lots of reasons people live in California's Modjeska Canyon. Nestled against the mountains and abutting the Cleveland National Forest, the area has abundant wildlife and access to nature, ...
Zurich Insurance Ends Proposed RSA Bid to Address China Hit and Unit Loss
Zurich Insurance Group AG on Monday abandoned its proposed $8.7 billion bid for British insurer RSA Insurance Group PLC after forecasting a $200 million loss in its general insurance business in the ...
Monte Carlo 2015: Reinsurance Adapts to New Realities
The annual Rendez-Vous de Septembre in Monte Carlo, Monaco traditionally focuses on one or two signatory concerns within the industry. This year, things were different. The 2,700 registered attendees ...
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 ...