Markets
S&P No Longer Expects Global Re Rate Drops at Jan. 1
A trio of third-quarter hurricanes and continued catastrophe losses impacting insurers and reinsurers will have a greater impact on reinsurers—and may potentially fuel reinsurance rate hikes at the ...
Suits Against Japanese Steel Supplier Expected After Fake Data Disclosure; GM, Ford Among Top Customers
Kobe Steel Ltd.'s legal problems are just beginning in wake of the company's disclosure that it falsified data for years about the durability of aluminum and copper used in airplanes, trains and ...
Tesla, Liberty Mutual Partner on Electric Car Insurance for U.S.
Tesla Inc. is partnering with Liberty Mutual Insurance Co. to offer an auto insurance plan designed specifically for its electric cars in the U.S. The plan made available to U.S. customers starting ...
EPA Orders Cleanup for Superfund Site Flooded by Harvey
The Trump administration has handed a rare victory to environmentalists, ordering two big corporations this week to pay $115 million to clean up a Texas toxic waste site that may have spread ...
S&P Changes Lloyd’s Outlook to Negative; Cat Loss Tallies Continue
While affirming the A+ financial strength rating of the Society of Lloyd's, S&P Global Ratings announced said Thursday that it revised the rating outlook to negative from stable in the wake of ...
Without Access to Crop Insurance, Calif. Fires Could Prove Fatal for Damaged Marijuana Farms
For many businesses in northern California, it will take years to rebuild from the wildfires that have decimated the region. And for many legal cannabis growers, the destruction could be ...
WEF Bringing Insurers, Tech Firms Together to Tackle Risks From Drones, Driverless Cars
The World Economic Forum is bringing insurers, tech firms and governments together to find ways to tackle risks from new technology such as drones and driverless cars, it said on Thursday. Tech firms ...
NFIP Could Go Broke Week After Next, Warns FEMA
The National Flood Insurance Program, struggling with the costs of this year's record hurricane season, will run out of money as early as Oct. 23 unless Congress takes action. The Federal Emergency ...