Markets
New York, Boston Experience Record Days With Coastal Flooding, Due to Storm-Fueled Tides
New York and Boston experienced a record number of days with coastal flooding in the last year as waters surged time and again more than 1 foot (31 centimeters) above normal high tide levels. New ...
Icahn’s On Board: AmTrust Agrees to Go Private With Enhanced, $2.95B Buyout Offer
U.S. insurer AmTrust Financial Services Inc on Thursday agreed to be acquired by a group of investors for a sweetened $2.95 billion deal that also helped secure the support of dissenting shareholder ...
Amazon’s Rumored Interest in Home Insurance Put Into Perspective
As the largest U.S. insurers gathered at the Marriott Marquis hotel in Times Square to discuss the prospects for their industry, a threat to that future emerged from the nation's other coast. ...
Confusion Reigns: Insurers Still Unclear on Cyber Business Interruption Risks, PLUS Panelists Say
Although the insurance industry may have had plenty of time to wrap its mind around managing physical property threats, what about the growing area of non-physical threats? This question was raised ...
PartnerRe Acquires Canadian Predictive Analytics Company
PartnerRe Ltd. disclosed it has acquired Claim Analytics, a Canadian-based company focused on predictive analytics products and services for insurers. Financial terms were not disclosed. The ...
Disaster Response Elicits Far Greater Spending Than Risk Reduction: Zurich Insurance
In the wake of last year's unusually harsh catastrophe events, insurers' clients are playing catch-up with their disaster risk management strategies, Zurich Insurance concluded in a new report. ...
Coalition Offers New Emerging Risk Cyber Coverage for Real Estate Industry
Cyber insurance startup Coalition launched new coverage designed to address emerging risks such as the Internet of Things faced by real estate developers, property managers and other related ...
UK Political Battle Brewing That Could Drastically Alter Brexit
Twelve rebel Conservatives have signed an amendment calling for the U.K. to stay in the Europe Union's single market, edging toward a common front with the main opposition Labour Party that could ...