Markets
After 13 Years, Europe Appears Ready to Adopt Solvency II Insurance Regulations
Europe may be nearing an agreement on rules that aim to make insurance companies safer after 13 years of wrangling between politicians, companies and regulators. Insurers and European Union officials ...
No Major Ratings Impact from Typhoon: A.M. Best
A.M. Best expects Super Typhoon Haiyan to be an earnings event for reinsurers, but gross losses are not expected to exhaust reinsurance capacity, the rating agency said on Tuesday. While Haiyan was ...
Flaws Seen in Philippine Disaster Prep, Response
Hours before Typhoon Haiyan hit the Philippines, authorities had evacuated 800,000 people and sent them to sturdy evacuation centers—churches, schools and public buildings. But the brick-and-mortar ...
U.S. to Become World’s Top Oil Producer in 2015: IEA
The United States will stride past Saudi Arabia and Russia to become the world's top oil producer in 2015, the West's energy agency said, bringing Washington closer to energy self-sufficiency and ...
London, Dubai, Kuala Lumpur in 3-Way Fight For Islamic Finance Crown
When the British government said last month it would issue its first Islamic bond, the implications went far beyond the debt market: it was a signal that London will not back down in an escalating ...
Esurance Bets on Bundling Home, Auto Coverage Amid GEICO Rivalry
Esurance, the online car-insurance seller owned by Allstate Corp., is betting that bundling auto and home policies will help it compete with Berkshire Hathaway Inc.'s GECIO unit and Progressive Corp. ...
Marsh Urges Energy Insurance Market to Rethink Cyber Clauses
There have been many instances in the past where the property insurance market has responded to events that have contributed significant losses by seeking broad exclusionary language to prevent ...
Eastern Asia Underinsured for Floods, Typhoons: Munich Re
Insured losses from weather-related events in Eastern Asia amount to only about 10 percent of the $700 billion in total losses accumulated over the last three decades, according to an analysis by ...