Markets
Busting Myths About Underwriting Technology
Cutting your hair makes it grow faster. Thomas Edison invented the light bulb. Humans use only 10 percent of their brains. Most people assume those statements to be correct because they are so often ...
For Lloyd’s of London, Heavy Competition Produced H1 Pretax Profit Plunge
Lloyd's of London insurance market posted a 28 percent drop in first-half pretax profit on Thursday and said pricing remained tough in a competitive market. The insurance and reinsurance markets have ...
AIG, QBE, Allianz Vets Hired to Launch BHSI’s Construction Insurance in Australia
Berkshire Hathaway Specialty Insurance Co. is diving into the construction insurance market in Australia, and it has hired veterans of Munich Re, AIG, QBE and Allianz to help run it. BHSI is now ...
Top 25 Non-Life Reinsurers: A.M. Best’s 2015 Ranking
Catlin Group rose into the ranks of the top 25 global non-life reinsurers—even before considering the impact of a combination with XL Group—but no new names appeared among the top 10, according ...
Genome Sequencing is Boosting Food Safety Efforts in Crucial Ways
Investigations into foodborne illness are being radically transformed by whole genome sequencing, which federal officials say is enabling them to identify the source of an outbreak far more quickly ...
Amlin’s Pending Acquisition Puts Spotlight on 4 Remaining Publicly Traded Lloyd’s Insurers
Amlin Plc's $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd's of London insurers in the spotlight for a possible takeover. Beazley Plc, Hiscox Ltd., ...
Report Finds Some Baby Monitors Lack Security Features
Several of the most popular Internet-connected baby monitors lack security features, making them vulnerable to even the most basic hacking attempts, according to a new report from a cybersecurity ...
Autonomous Cars (and Their Hacking Risks) Move Insurance Liability to Manufacturers
Hacker attacks or faulty software could shift the burden of legal and regulatory liability toward makers of self-driving cars and away from customers, experts say, forcing regulators and insurers to ...