Markets
New Calif. WC State Fund Head Is Zenith, CNA and AIG Vet
The State Compensation Insurance Fund Board of Directors on Tuesday named Vernon Steiner as the new president and CEO of California's largest workers' compensation provider. The appointment is on a ...
Opinion: Risk Versus Reward In The ‘Internet of Things’
I hope it's not true that Apple's next big bet will be on the "Internet of things." The concept is a useless and dangerous one, and now Apple's powerful marketing machine may join Google's in selling ...
Munich Re Plans IT-Based Coverage For Unanticipated Construction Costs
Munich Re will work with a German specialty software giant to develop what it bills as the first global IT-based insurance product for large construction projects to handle unplanned expenses. A ...
An Evolving Risk: Marsh’s Parisi on the Importance of Cyber Coverage
Marsh has tracked the evolution of cyber risk over the last 20 years as it has grown in scope—from technology failure to cyber terrorism and more. Cyber insurance has become an increasingly crucial ...AIG Warrants Leap To Record, Benefiting Fairholme Capital Management
American International Group Inc. warrants jumped to a record, benefiting investors like Bruce Berkowitz's Fairholme Capital Management LLC, which held the securities for years. The contracts ...
El Nino Threat Spurs Asian Governments Into Action
Asia's governments are scrambling to head off the potential impact of a weather phenomenon that in the past has driven food prices to levels that sparked social unrest. With lessons learned, ...
More than One-Quarter of Small Businesses Still Don’t Buy Insurance: Hiscox
Last week, global specialty insurer Hiscox published results of a survey of small business owners, revealing that 29 percent have no insurance protection, even though 13 percent have suffered a ...
Travelers’ A.M. Best Financial Strength Ratings Soar
Travelers and most of its subsidiaries saw their already stellar financial strength ratings from A.M. Best get even better. This was based, in part, on the insurer's ability to generate solid ...