Markets
Early California Wildfire Season Could Be Unprecedented
California's worst drought in decades is feeding what may become a devastating wildfire season, one that is starting about five months early. Extremely dry conditions have sparked 487 wildfires so ...
Regulatory Compliance at Top of Financial Executives’ Worry List
Financial industry executives are almost as concerned about the growing demands of regulatory compliance as they are with market volatility, according to today's survey of 400 financial companies by ...
P/C Combined 97.6 for 2013; Commercial Outlook Still Negative: A.M. Best
A relatively quiet year for catastrophes helped the U.S. property/casualty industry achieve an underwriting profit for the first time in four years, according to A.M. Best. The industry managed its ...
RMS Releases New Models for U.S. Convective Storms, China Typhoon
RMS announced Monday that it has released new views of risk for U.S. and Canada Severe Convective Storm (SCS) and China Typhoon. According to the Newark, Calif.-based firm, the new versions of these ...
A.M. Best Incorporates Mexican Subsidiary; Opens Office in Mexico City
A.M. Best Co. announced the incorporation of its new subsidiary, A.M. Best América Latina, S.A. de C.V. The new office will be located in the financial district of Mexico City at Paseo de la Reforma ...
The Challenges Around Big Data and the Lessons to Be Learned
The hype around big data is focusing ever more attention on insurers' data management and analytics capabilities. Analysis of data, creation of predictive models and the ability to take action based ...
Talks Break Off in Panama Canal Contract Dispute
The Panama Canal Authority (PCA) has broken off talks with a Spanish-led building consortium in a dispute over $1.6 billion in cost overruns during work to expand one of the world's most important ...
Top 2014 P/C Trend: Investment in Mobile Agent Tech Lags as Carriers Focus on Gen Y
Mobile strategies focused on Gen Y customers and personal lines innovations will shape the plans of property/casualty insurance carrier management teams in 2014, but at least one of these approaches ...