Markets
Swiss Re: Emerging Markets Drove 2013 Non-Life Premium Growth
While global non-life insurance premiums increased in 2013, their growth rate dipped compared to the previous year. The slowdown could have become even worse, but robust coverage demands in most ...
AmTrust To Grab Florida WC Insurer With Low-Hazard Risks
AmTrust Financial Services Inc. said it will snatch up a a workers compensation insurer affiliated with Blue Cross & Blue Shield of Florida (Florida Blue) in a bid to add more low-hazard risks to ...
Moody’s Affirms Validus Ratings Despite Western World Challenges
On Wednesday, Moody's Investors Service affirmed its ratings for Validus Holdings, Ltd., including the A3 insurance financial strength rating of the principal operating subsidiary Validus ...
Prescription Drugs Surpass Cannabis in Fatal Crashes
Since 1993, the profile of a drugged driver has changed substantially. A study released Monday in Public Health Reports shows that more drivers are now testing positive for prescription drugs, ...
Nationwide to Lawmakers: Incentive Needed for Resilient Home Standards
On Monday, Nationwide Insurance called on the federal government and state legislatures to introduce and pass legislation that will provide incentives for consumers, homebuilders and contractors to ...
Port Authority Reaches Deal on Silverstein’s 3 World Trade
The Port Authority of New York and New Jersey approved a financing agreement for Larry Silverstein's 3 World Trade Center that allows him to use $159 million of insurance proceeds to help build the ...
Auto Industry Struggles to Solve Air Bag Explosions Despite Mass Recalls
A year ago, Japan's Takata Corp., the world's second-largest maker of auto safety parts, believed it had finally contained a crisis more than a decade in the making. It was wrong. Japanese car makers ...
Only 1 in 5 Small Businesses Hiring Students for Summer: Employers Hldgs
Summer jobs at local restaurants, retail stores, medical offices and other small businesses may be hard to come by for student workers this summer, according to a new poll of small business owners by ...