Markets
North Carolina Buildings Sustained $1.5B in Hurricane Matthew Damage
North Carolina emergency officials have estimated that the destructive and deadly Hurricane Matthew caused $1.5 billion worth of damage to more than 100,000 homes, businesses and government buildings ...
The Latest Launches From XL Catlin, AXIS and Take1 Insurance
XL Catlin added cyber insurance as optional coverage in its professional liability cover for design professionals. AXIS Capital Holdings will start offering U.S. customers cybersecurity ratings data ...
Virtual Claims Startup Snapsheet Raises $20M Round; Liberty Mutual, USAA Among Backers
Liberty Mutual and USAA are among the backers behind Snapsheet, a startup developing virtual auto claims technology and services that recently closed on $20 million in new financing. Snapsheet ...
British Banks Underplay Cyber Attacks, Fearing Bad Publicity or Punishment
Britain's banks are not reporting the full extent of cyber attacks to regulators for fear of punishment or bad publicity, bank executives and providers of security systems say. Reported attacks on ...
Rand Analyzes Impact of WC Reforms, Eco Downturn on Calif. Workers
Will workers compensation benefits from California's sweeping reform law passed in 2012 help or hurt injured employees over the next four years? Some people didn't want to wait until 2020 to answer ...
Fla.’s Hurricane Matthew Damage Claims Already Over $218M
Property damage caused by Hurricane Matthew has spawned over $218 million in insurance claims so far in Florida, according to state officials, much less than the multibillion-dollar toll initially ...
Berkshire Hathaway’s Gen Re Promotes Brogan to Lead Aircraft Risk Unit
Gen Re promoted John Brogan to chief executive officer of an aviation unit as the reinsurer at Warren Buffett's Berkshire Hathaway Inc. phases in a new generation of leadership. Brogan replaces David ...
Hurricane Nicole Hits Bermuda, Barely a Week After Matthew Went Away
Hurricane Nicole made landfall in Bermuda on Oct. 13 as a Category 3 storm, less than a week after Hurricane Matthew plowed through the island nation and Haiti before slamming into the U.S. Southeast ...