Markets
CNA’s Net Investment Income and Premiums Rise; P/C Combined Ratio Spikes
Catastrophe losses drove CNA Financial Corp.'s property/casualty and commercial division combined ratios higher in the first quarter, though the insurer saw its net income rise slightly as investment ...California Weighs Development, Safety Measures to Protect Homes Against Wildfires
Years of increasingly deadly California wildfires have spurred lawmakers to consider regulations that would toughen local governments' requirements for approving housing developments in high-risk ...
Catlin Founder and Some of His Old Colleagues Launch a New Specialty Insurer/Reinsurer
Insurance industry veterans Stephen Catlin and Paul Brand announced they have launched an international specialty insurer and reinsurer, Convex Group Ltd. Convex launches with $1.8 billion of initial ...
Kemper Boosts Premiums and Net Income, Benefiting From $1.3B Infinity Acquisition
Kemper Corp. reported a significant jump in net income during its 2019 first quarter, thanks largely to premium gains and a surge stemming from its acquisition of Infinity Property and Casualty Corp. ...
Organizations Cite Economic Slowdown, Reputational Damage as Top Risks: Aon
Economic and global trade concerns are challenging organizations' ability to invest adequately in preparing for and protecting the continuity of their operations, according to findings from Aon's ...
In a First, D.C. Eyes Retrofitting or Removing All Flood-Prone Buildings by 2050
Washington is announcing a goal of retrofitting or removing all of its flood-prone buildings by 2050, the first major U.S. city to set such a policy. The proposal is part of a broader plan to protect ...
Climate Change Leads to Bark Beetle Outbreak in Central Europe’s Spruce Forests
Hot, dry summers are fanning an unprecedented outbreak of bark beetles that are destroying vast swathes of central Europe's spruce forests which define the region's landscape. Draft brought on by ...
U.S. Drivers Think They’re Safe, but Carriers Know Otherwise Through Phone Usage Monitoring
The distracted driving report by Zendrive, a traffic-data startup, makes it clearer and clearer each year that millions of Americans can't stop themselves from talking, texting and live ...