Markets
Report: PC Industry Increasingly Embraces Big Data Analytics
North American property/casualty insurers have moved well beyond cautious dabbling into projects involving big data analytics. At the same time, they must find more employees with advanced degrees in ...
Insurers Envision Slight IT Spending Hikes for 2015: Novarica
Most insurers only plan modest increases in their IT budgets in 2015. And while other industries are spending more and more in emerging tech areas such as mobile insurance, big data and the cloud, ...
CEO Diekmann Likely to Stay at Allianz Helm
Allianz is set to extend the contract of its Chief Executive Michael Diekmann by two years as the German insurer seeks to soothe the turmoil over leadership change at its PIMCO subsidiary, a German ...
Death Toll in Japan Volcano Rises to 36
At least 36 people are believed to have died from this weekend's eruption at Mt. Ontake in central Japan, as dangerous gases emitting from the country's second-highest volcano hampered efforts to ...
Nuclear Plant Construction Rising In Emerging Nations
Three years after Japan closed all of its nuclear plants in the wake of the Fukushima meltdown and Germany decided to shut its industry, developing countries are leading the biggest construction boom ...
Amtrak Seeking More than $500M From Insurers for Sandy Losses
Amtrak filed a lawsuit last week against more than a dozen insurers, claiming that the railroad operator is entitled to recoup additional proceeds for Superstorm Sandy losses from its insurers. ...
Death Toll Possibly Over 30 in Japan Volcano Eruption
More than 30 people may be dead in a volcanic eruption in central Japan, the nation's second natural disaster in the past month. Smoke and ash billowed from Mt. Ontake throughout the day yesterday as ...
Africa to Issue Climate Change Bonds in 2016; Structure Similar to Cat Bonds
Global warming in Africa may soon move bond markets. In 2016, the first climate change bonds will be issued from Africa— unique instruments that will enable the world's poorest continent to tap ...