Markets
Ex-AIG CEO Liddy Defends His Role as Government-Tapped Leader
Former American International Group Inc. Chief Executive Officer Edward Liddy defended his role as the government-tapped leader of the company at the time of a 2008 bailout, saying he took the job to ...
Ebola Spread Could Spur Big Business Interruption Losses: AIR Worldwide
With an ongoing outbreak of Ebola in West Africa shows no sign of slowing, AIR Worldwide predicted business interruption losses in a number of areas, but questions whether existing coverage will be ...
Global Indemnity to Snatch Up Assurant’s American Reliable Business
Global Indemnity plc will snatch up a specialty property/casualty company owned by Assurant in a deal worth about $394 million and possibly more. The insurer and reinsurer plans to seal the deal for ...
The FSB Wants Feedback on Policies For Systemically Important Insurers
The Financial Stability Board (FSB) is seeking public comment on proposed guidance "for the identification of the critical functions and critical shared services for systemically important insurers." ...
Marsh Brings on New CFO to Replace Malvasio
Marsh has chosen a new chief financial offer to replace the long-time executive who currently has held the position and is retiring. The insurance broker and risk management subsidiary of Marsh & ...
How to Unlock ‘Trapped Limits’ in Your Reinsurance Program
An insurance company that purchases three $100 million layers of property-catastrophe coverage may find it is short of coverage if three $200 million events occur, even though the total coverage ...
Hundreds of Ohio Quakes Tied to Fracking in New Study
A new study suggests fracking triggered hundreds of small, unnoticeable earthquakes in eastern Ohio late last year, months before the state first linked seismic activity to the much-debated ...
The Drones Are Coming to Insurance Claims
After a catastrophe hits, mobile units filled with adjusters are on site with the claimants to evaluate property damage. Flash forward five years and insureds may never meet their property claim ...