Markets
ECB Warns of Record Low Interest Rate Threat to Insurers
The European Central Bank (ECB) said on Thursday that record low interest rates were putting insurance firms and banks under increasing pressure and warned that any sell-off in stocks and bonds could ...
Rideshare Apps Slug It Out vs. Each Other, Taxis and World in New York
Uber and Lyft are among the tech companies pushing back at proposed rules by New York City's Taxi and Limousine Commission to regulate car service apps. Uber says the rules break federal law because ...
Farmers Rolls Out Broad Ridesharing Endorsement for California
Farmers Insurance will become the first large California insurer to start offering a ridesharing insurance product on Thursday. In an announcement made at the Los Angeles office of California ...
Insurer Website Rankings: Service Aspects for Existing Customers Lag, J.D. Power Says
Whether they are updating customer profiles, printing ID cards or simply viewing policy information, auto insurance customers are less satisfied with their online self-service experiences this year, ...
Average Cost of Data Breach Increases to $3.8M: Study
The cost of data breaches is rising for companies around the world as sophisticated thieves target valuable financial and medical records, according to a study released on Wednesday. The total ...
Reinsurance Leaders Marcell, Faure Stepping Down at Guy Carpenter, Endurance
Reinsurance broker Guy Carpenter and Endurance Specialty Holdings, an insurance and reinsurance company in Bermuda, separately announced that reinsurance industry veterans are stepping down from ...
U.S. Population Affected by Heat Waves Could Quadruple by 2050: Research
U.S. residents' exposure to extreme heat could increase four- to six-fold by mid-century, due to both a warming climate and a population that's growing especially fast in the hottest regions of the ...
Workers Comp Insurers Post First Underwriting Profit Since 2006
U.S. workers compensation insurers, a group led by Travelers Cos. and Hartford Financial Services Group Inc., posted their first underwriting profit since 2006, helping the industry counter lower ...