Markets
Heaviest Rains in 1,000 Years Strike Chinese Province, Killing at Least 25
At least 25 people have died in China's flood-stricken central province of Henan, a dozen of them in a subway line in its capital that was drenched by what weather officials called the heaviest rains ...
U.S. Mandates ‘Urgently Needed’ Cybersecurity Protections for Critical Pipeline Owners
The Department of Homeland Security on Tuesday required owners and operators of critical pipelines that transport hazardous liquids and natural gas to implement "urgently needed protections against ...
Executives On The Move at Pie Insurance and Arch Reinsurance
Pie Insurance appointed a number of new executives and a new board member. Arch Reinsurance Ltd. named a new Chief Financial Officer. *** Pie Insurance, an InsurTech focused on workers comp insurance ...
Germany’s Severe Floods Will Hurt, but Insurer Earnings Should Not See Major Impact: Fitch Ratings
The severe floods in Germany could add up to 5 percentage points to German non-life insurers' net combined ratios (net claims and expenses to net premiums), according to Fitch Ratings. The insured ...
Travelers Concludes Q2 With Good News on Multiple Fronts
U.S. property and casualty insurer Travelers Cos Inc delivered an unusually large beat of second-quarter profit expectations on Tuesday, helped by higher premiums, lower catastrophe losses and a ...
InsurTech NY Will Study Sector’s Corporate Venture Capital Evolution
InsurTech NY, which bills itself as the largest InsurTech community in North America, said it will launch a study focused on corporate venture capital in the sector. Such a project will produce ...
J&J Reportedly Considering Putting Talc Liabilities Into Bankruptcy
Johnson & Johnson is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven ...
Former Tesla Exec Joins Metromile as Head of Data Operations
Metromile hired former Tesla executive Colleen Qiu as its new vice president and Head of Data, representing another recent high-profile executive hire from outside the insurance industry. In May, the ...