Markets
Has Global Warming Been Ongoing or Not?
The climate change debate continues with new research pointed to a steady global warming trend over thousands of years to the present, contrary to a major work issued in 2013 that tracked cooling ...
Nationwide’s P/C Results are Solid, With a Dose of Bad Weather
Nationwide Mutual Insurance Company's property casualty arm performed solidly in the 2014 second quarter, despite the Polar Vortex and major storm activity that hampered earnings over the first six ...Report: Two AIG Asia Execs Jump Ship for Berkshire Hathaway
Berkshire Hathaway Inc has hired two senior executives from American International Group Inc's Asia operations to boost its insurance business in the region, the Wall Street Journal reported citing ...
NOAA Sees Nuisance Flooding Rising for U.S. Cities
Residents and officials in major U.S. cities know it doesn't take a fierce storm or menacing hurricane to cause flooding as they increasingly have to deal with so-called "nuisance flooding" caused by ...
Derivatives Are Returning, With a Makeover
Derivatives that helped inflate the 2007 credit bubble are being remade for a new generation. JPMorgan Chase & Co. is offering a swap contract tied to a speculative-grade loan index that makes it ...
P/C Underwriting ‘Negativity’ Is Spreading – KBW
Negativity in property/casualty insurance underwriting keeps spreading like a contagion in 2014, with very few lines escaping pricing pressures and no sign of a letup anytime soon, Keefe, Bruyette ...
California Moving Forward with $7.2B Drought Mitigation Bond
Governor Jerry Brown and California Democratic lawmakers reached tentative agreement on a $7.2 billion bond measure for water storage and delivery to drought- stricken cities and farms. The ...
AIR Worldwide Views Two Recent Japan Storms as Costly
AIR Worldwide said that a recent storm that struck Japan, combined with a substantial typhoon earlier this summer, could leave behind costly damages. The catastrophe modeling firm noted that typhoon ...