Markets
A Red Sox/Yankees Game Helped Bring Tokio Marine and PURE Group Together
PURE Group, the high-net-worth insurer set to be acquired by Tokio Marine Holdings Inc., had been on the Japanese company's radar for more than a decade. After PURE was created in 2006, Tokio Marine ...
Opinion: Climate Change Risks for Homebuyers Old and New
Climate change poses risks to real estate that homebuyers may not be able to predict. As sea level rises, coastal properties, for example, may be subject to increased flooding and intensifying storm ...
UK Home, Car Insurers may Be Stopped From Annual Price Hikes
U.K. home and car insurers could be stopped from jacking up prices when customers' policies come up for renewal as the country's financial-markets watchdog clamps down on an industry that's not ...
Strong E&S Premium Growth in Response to Weak Results; Top 15 E&S Writers: Fitch
Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11 percent and representing the eighth consecutive year of ...
More Awareness About Business Interruption Risks Driving Cyber Cover Increases: Zurich Insurance
Businesses are increasingly aware of cyber-related business interruption risks and stepping up to increase their coverage to more adequate levels as a result, according to a new Zurich Insurance ...
The Latest Launches From Munich Re/HSB and Slice Labs/Duuo
Munich Re's Hartford Steam Boiler launched a new sensor product focused on cellular Internet of Things technology. Slice Labs, an on-demand insurance cloud platform provider, disclosed the fruits of ...
MGM Will Pay Nearly $800M to Vegas Mass Shooting Victims by Late 2020
MGM Resorts International agreed to pay as much as $800 million to settle most claims arising from the October 2017 mass shooting at one of its properties on the Las Vegas Strip. The company expects ...
Tesla’s Summon-Your-Car Feature Draws Attention of U.S. Safety Regulator
The top U.S. road-safety regulator is gathering information about a Tesla Inc. feature that allows customers to remotely call for their car to pick them up. The National Highway Traffic Safety ...