Markets
Sunday’s UN Climate Report Won’t Reveal Economic Bottom Line
A U.N. report about ways to fix global warming due on Sunday is likely to disappoint investors seeking clear-cut economic calculations about the benefits and costs of curbing rising greenhouse gas ...
Catastrophic Cyber-Attack Coverage Remains Elusive: Willis Report
Insurance coverage for cyber-attack losses in the global energy market isn't as clear-cut as the industry might hope. A new market report from Willis Group Holdings concluded that companies face a ...
Majority of Young Renters Not Protected From Loss: Nationwide
A new survey commissioned by Nationwide revealed that despite the fact that millennials are renting in unprecedented numbers, the majority of young adult renters (56 percent) do not have renters ...
Hiring Summer Interns Creates EPL Risks, Chubb Warns
Hiring someone for a paid or unpaid internship may seem like a great solution for businesses needing extra talent during vacation season, but don't discount the risks, warns Chubb Group of Insurance ...
Privatizing Flood Insurance Presents Opportunities, Challenges: Deloitte
Privatization of the National Flood Insurance Program (NFIP) would present a huge growth opportunity to the property/casualty market, allowing insurers to tap into about $3.3 billion of yearly ...
Third Parties Providing Data, Models Through AIR’s Touchstone Cat Platform
Catastrophe modeling firm AIR Worldwide (AIR) announced Wednesday that a large number of third-party suppliers have chosen to provide their data and models through Touchstone. Those third-party ...
Willis Sees Softer Conditions Ahead for Commercial Lines Other Than Comp
Although double-digit insurance price hikes are still possible in a handful of areas—workers compensation, poor performing professional liability accounts and terrorism coverage—broker Willis ...
Uber Needs Insurance as Amateurs Drive Strangers, CA Commissioner Says
California Insurance Commissioner Dave Jones said that car-booking services like Uber Technologies Inc. should provide coverage to reimburse victims when nonprofessional drivers in their networks are ...