Reinsurance
White House Is Major 2019 Geopolitical Risk: I.I.I. Joint Industry Forum
As insurers track both old and new risks heading into 2019, here's one that carriers don't typically consider: The White House. David Wessel, director of The Hutchins Center on Fiscal and Monetary ...
Travelers Seeking Higher Premiums in California After Two Years of Fire Losses
California's deadly wildfires are raising the specter of higher insurance premiums for homeowners in the state. After "two significant years in a row of losses, I think the discussion and the debate ...
2018 Catastrophe Losses Faced 60 Percent Protection Gap: Aon
Economic costs of 2018's 394 natural catastrophe events came to $225 billion with insurance covering $90 billion of the overall total. The results reflect the fourth costliest year on record of ...
Two Markel CATCo Execs Depart After Discovery of ‘Undisclosed Personal Relationship’
Markel Corp. said two executives from one of its divisions have departed after an ongoing internal review discovered an "undisclosed personal relationship" between them that violated company ...
UK PM May Targets EU Concessions in Push to Break Brexit Deadlock
British Prime Minister Theresa May will try to break the deadlock over her Brexit plans on Monday by setting out proposals in parliament that are expected to focus on winning more concessions from ...
QBE Joins $30M Financing Round for Machine Learning Startup HyperScience
HyperScience, a startup using machine learning to automate office work-related data entry and more, attracted $30 million in Series B financing from investors including Australian insurer QBE. New ...
Pentagon Warns Climate Change Poses Dire Risks to Bases and Troops
The U.S. Defense Department has issued a dire report on how climate change could affect the nation's armed forces and security, warning that rising seas could inundate coastal bases and ...
Cash-Starved California Utility Won’t Commit to Paying 2015 Fire Victim Settlements
PG&E Corp. is so cash-starved that it won't commit to paying settlements reached with people who lost their homes in a 2015 wildfire caused by a tree falling on a power line. The disclosure by a ...