Reinsurance
California Utility Won’t Escape Wildfire Liabilities With Option It Seeks
PG&E Corp., suspected of starting California's deadliest wildfire, may soon get help from state lawmakers -- just not the help it most wants. As early as Dec. 3, a lawmaker plans to introduce a ...
EU Leaders Endorse May’s Brexit Deal, Urge UK Parliament to Also Approve
European Union leaders finally sealed a Brexit deal on Sunday, saying the package agreed with Prime Minister Theresa May was the best Britain will get in a warning to the British parliament not to ...
Global Property, Mortality Protection Gap Hits $500B: Swiss Re
Households and businesses face a $500 billion global property and mortality protection gap, according to Swiss Re's latest sigma study. Swiss Re's report said that the figure illustrates increasing ...
AXA XL Advances Alternative Capital Biz by Buying 100% of New Ocean
AXA XL's reinsurance operation has completed the acquisition of all third party ownership interests in its majority-owned asset management affiliate, New Ocean Capital Management Ltd. New Ocean is ...
Brexit Turmoil Increases Likelihood of Widespread UK Business Interruption Risks
British companies selling everything from washing machines to flights, food and mortgages plan to spend tens of millions of pounds in case the political brinkmanship gripping the country leads to a ...
This Year’s Thanksgiving Weather Risks: Fires, Flooding, Record Cold, Gusty Winds
Fires and flooding on the West Coast, record cold and gusty winds on the East Coast. Brace yourself for Thanksgiving week, 2018. Northern California could get as much as 7 inches (18 centimeters) of ...
$9B to $13B in Insured Losses Estimated for Camp, Woolsey Calif. Fires: RMS
The Camp and Woolsey wildfires in California will likely cause between $9 billion and $13 billion in insured losses, catastrophe modeler RMS concludes in a new estimate. That breaks down to $7.5-$10 ...
UK PM May, Facing Leadership Challenge, Warns Her Brexit Deal Remains Only Option
Theresa May said a challenge to her leadership would be a distraction from negotiating with the European Union, and that any new prime minister would face the same issues she does, as she urged ...