Markets
Travelers CEO Jay Fishman Crows About Big Returns vs. Banks
Travelers Cos. Chief Executive Officer Jay Fishman highlighted the insurer's history of posting better returns than banks and other large financial companies amid a period of increased Wall Street ...
Argo to Expand Surety Capacity On Its Own and With SureTec Financial
Argo Group International Holdings Ltd, said it will expand its commercial surety capacity to $100 million for qualifying clients. Separately, the Bermuda based international underwriter of specialty ...
P/C Carriers Could Counter Hailstorms With More Reinsurance: RMS
Now that hailstorms are no longer "attritional perils" and are much more widespread than they used to be, property/casualty insurers could benefit from adding reinsurance for these threats, an RMS ...
New Bugs Found in Web Encryption Software Behind ‘Heartbleed’ Threat
Security researchers have uncovered new bugs in the Web encryption software that caused the pernicious "Heartbleed" Internet threat that surfaced in April. Experts said the newly discovered ...
Fireman’s Fund Could Face Huge Payout For Fast & Furious Costs
The insurer for the latest Fast & Furious film is looking at a huge, and possibly historic, payout, according to an entertainment insurance agent. The Hollywood Reporter trade magazine is ...
Germany Will Impose Tough Fracking Restrictions
Germany plans to draw up new rules in the coming weeks for the controversial method of fracking for gas, which will impose tight restrictions on the technique that has led to a shale gas boom in the ...
Bugs and Hurricanes Could Crush Florida Citrus Groves
After a disease-spreading bug wreaked havoc on Florida citrus groves this year, growers like Maury Boyd are seeing a new threat from the weatherman that would mean "pure hell" for orange-juice ...
Aon: Storms Packed a Wallop in May Despite Tornado Lull
In May, severe global weather left insurers with mixed data to mull over. While U.S. tornado activity for the month remained in the bottom 25th percentile dating back to the 1950s, major weather ...