Reinsurance
New Global Insurance Accounting Rule Could Be Delayed One Year
A global standards body has proposed a one-year delay to implementing its new accounting rule aimed at increasing visibility in how insurers earn money. A spokeswoman for the International Accounting ...
With an Eye on Avoiding Financial-Market Chaos, EU Unveils No-Deal Brexit Plans
The European Union pledged to allow U.K. financial infrastructure firms such as London Stock Exchange Group Plc's clearing unit to continue serving the bloc in the event of a no-deal Brexit. The ...
SCOR Forces Resignation of Covéa CEO From Board Following Spurned Takeover Bid
French reinsurer SCOR forced one of its board members — Thierry Derez, the CEO of Covéa — to resign this week. It was the culmination of a boardroom squabble that began in September when SCOR ...
WebMD, CVS, Trump Donors Among Those at Risk From Lax Web Security
Six months ago, the European Union's General Data Protection Regulation, or GDPR, took effect, threatening companies worldwide with massive fines if they didn't look after customer data properly. ...
Home Insurance Blues: Tens of Thousands of Pricy Homes Threatened by California Wildfires
Malibu resident Lance Schultz was jolted awake at 2 a.m. Friday with word that he needed to evacuate. With a roaring fire approaching the coastal community, he gathered his girlfriend, dog and ...
Domestic Opposition Mounts to UK PM May’s Brexit Plans
British Prime Minister Theresa May's Brexit strategy came under attack from all sides on Monday, putting in doubt her ability to steer any agreement through parliament and raising the risk of a ...
AIG, Chubb Deploy Wildfire Specialists to Help Combat Rapidly Spreading California Blazes
California's raging wildfires are so bad that American International Group Inc. and Chubb Ltd. are deploying teams of specialists and former firefighters to spray retardants on homes. The season may ...
Carriers Generally Pleased Customers With Their Hurricane Florence, Michael Responses: J.D. Power
The property/casualty insurance industry earned high consumer marks over its collective response to Hurricanes Florence and Michael, according to a new J.D. Power survey. Approximately 87 percent of ...