Markets
Shipping Industry Starts Embracing Retro Tech as Cyber Threat Deterrence
The risk of cyber attacks targeting ships' satellite navigation is pushing nations to delve back through history and develop back-up systems with roots in World War Two radio technology. Ships use ...
From Here to Autonomy: Morality and Retirement Timeline for Auto Insurance Pros
While the media, ethicists and perhaps the public like to ponder whether a self-driving car in a crisis should be programmed to hit a group of nuns crossing the street or hit a bus full of ...
Allianz, Generali, Zurich and More Called Out for $361M in Coal Investments
A climate activist group is calling out a handful of European insurers for having significant holdings in fossil fuels despite pledges by the companies to be more climate friendly. A report released ...
Up to 16 Named Storms Forecast During Atlantic Hurricane Season
Researchers again boosted the number of storms the Atlantic may produce before the hurricane season ends as a missing Pacific El Nino and warm waters present favorable storm conditions. As many as 16 ...
Underwriting Losses Depress Berkshire Hathaway’s Q2 Profit
Warren Buffett's Berkshire Hathaway Inc. is finding it hard to grind out higher profits this year, in large part because of slumping results at its insurance businesses. Gains at the conglomerate's ...
Executives On The Move at Chubb and Willis Towers Watson
Chubb tapped two former Zurich executives and a third from within the company for its regional claims team. Willis Towers Watson appointed aa new corporate risk and broking market leader and ...
Wells Fargo Will Fork Over $108M to Settle Lawsuit Over Veterans’ Loans
Wells Fargo & Co will pay the U.S. government $108 million to settle a whistleblower lawsuit claiming it charged military veterans hidden fees to refinance their mortgages, and concealed the fees ...
Liberty Mutual’s Ironshore Acquisition Helps Buttress Q2 Results
Liberty Mutual reported an improved 2017 second quarter, with a big jump in net premiums written and net income driven by its $3 billion acquisition of property/casualty specialty insurer Ironshore ...