Markets
Cyber Attacks Hit Catalan Govt. Computers During Independence Vote
Catalan government computer systems were attacked by professional-style hackers during the disputed independence vote on Nov. 9, putting basic services at risk, Regional President Artur Mas said. The ...
An Arctic Blast Returns the P/C Industry to Winter Cat Risks
An arctic blast began to dump heavy snow in parts of the northern Rockies, Plains and the Great Lakes regions on Monday and meteorologists said temperatures are expected to plummet throughout the ...
Underreserving, Balance Sheet Fundamentals Taking a Back Seat in Rating Agency Analyses
Loss and loss adjustment expense (L&LAE) reserving and reported income are but two components of a thorough, all-encompassing rating agency analysis of an insurer. Today, more than ever before, ...
Hiscox Reinsurance Portfolio Plunges by Double Digits
Hiscox Ltd. gives a sobering example of how damaging the ever-softening reinsurance market has become. The Lloyd's of London specialist insurer said it has experienced double-digit drops in its ...
The Hanover Picks Lavey As Its New Head of Personal Lines
The Hanover Insurance Group has a new president in charge of personal lines coverage. He's a veteran executive of the Massachusetts-based U.S. property/casualty insurer who initially came on board a ...
Questions About ERM Linger Over International Fidelity Insurance: A.M. Best
Although A.M. Best has affirmed the "A-"International Fidelity Insurance's "A-" financial strength rating, the rating agency said it has assigned a negative outlook to the ratings for IFIC and ...
The Wealthy Take a Risk on Post-Hurricane Sandy Jersey Shore
When Hurricane Sandy roared through New Jersey two years ago, it not only tore up the shoreline. It also pushed out much of the middle class. From Ocean City to Toms River, one-story cottages and ...
AIG Chairman: Corporate Behavior Can Be “Stupid,” Not Criminal
American International Group Inc. Chairman Steve Miller said prosecutors must distinguish between management blunders and criminal actions when investigating corporate behavior. "A lot of executives ...