Personal Lines
House Leaders Unveil Their Version of a TRIA Extension, With Attachments
House leaders released a proposed six-year extension of a federal program to insure property against the risk of terrorism, including a Republican proposal to revise a bank regulatory law. The ...
Judicial Panel Orders Hurricane Sandy Flood Insurers to Fork Over Reports
A Travelers Cos. unit and other flood insurers accused by Hurricane Sandy victims in New York of using falsified engineering reports must turn over the drafts to policyholders, a three-judge panel ...
Report: Sony PlayStation Online Store Slammed by Cyber Attack
Sony Corp's PlayStation online store was hacked on Monday, leading to a two-hour outage, the Financial Times reported, without citing sources. Sony confirmed the outage and said it was investigating ...
Uber Insurer James River Jumps Into Junk-Rated Loans
The insurer that ride-sharing service Uber Technologies Inc. uses to protect drivers and passengers is going public, promoting how it's more willing than competitors to invest in junk-rated loans. ...
Verisk Grabs ‘Complementary’ British Rival for $31.6M
Verisk Analytics snatched up a British analytics and advisory outfit for more than $31.6 million, beefing up its research and data capacity for geopolitical and other risks in the process. The New ...
Swiss Re, Prudential, Eye African Reinsurance and Pension Opportunities
A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in the face of mature markets and ...
Another Philippines Typhoon Causes Death and Destruction
Typhoon Hagupit slammed the central Philippines with heavy rain and gales, toppling trees and power lines and threatening the recovery of regions devastated by Super TyphoonHaiyan a year ago. Schools ...
Aspen Replaced its Chief Financial Officer
Aspen Insurance Holdings Ltd. has picked a new chief financial officer, choosing to fill the position from within. The Bermuda-based reinsurer and insurer disclosed on Dec. 5 that Scott Kirk has been ...