Markets
Arizona Sues GM for $3B, Alleging Fraud Over Faulty Ignition Switches
Arizona became the first state to join consumers already suing General Motors Co. over faulty ignition switches, claiming the company misled motorists about the safety of its cars and defrauded them ...
Marsh & McLennan Division to Grab Investment Management Firm
Marsh & McLennan Cos., the largest insurance broker by market value, agreed to buy SCM Strategic Capital Management AG as its Mercer unit expands in alternative investments. SCM, which oversees ...
Risker P/C Industry Investments Likely as Returns Taper Off: Conning
The property/casualty insurance industry could very well see pricing taper into negative territory in 2015. Faced with that reality, plus low interest rates, companies may find them selves forced to ...
Foreign Governments Have Hacked U.S. Grid, NSA Head Says
Several foreign governments have hacked into U.S. energy, water and fuel distribution systems and might damage essential services, the top national security official said. Those intrusions have left ...
Berkshire Hathaway Specialty Introduces Side A DIC D&O Liability Policy
Berkshire Hathaway Specialty Insurance is rolling out a new executive liability insurance products focused on the D&O space. The Side A DIC Directors & Officers Liability Policy provides ...
A.M. Best: Workers Compensation Numbers Improved in 2013
While workers compensation continues to face heavy competition and low investment returns, we have good news to tell you. The industry's combined ratio dipped nearly 12 percent from 2012 to 2013, ...
Swiss Re Americas CEO: Underserved Markets Ripe for Insurance Innovation
Underserved populations and market niches are ripe with potential for insurance innovators who are willing to take on the challenge of creating opportunities in areas that may seem unprofitable at ...
Flood Risk Follows Record Snowfall in Western New York
Lake-effect snow that killed eight people and halted travel across western New York may reach as high as 7 feet in some areas before stopping tomorrow, when temperatures will start to rise along with ...