Reinsurance
Calif. Energy Company CEO Blames Climate Change on $17B in Fire Damages
It was California's biggest fire yet. In late July and August, wildfires devastated an area north of San Francisco far bigger than New York City, destroying more than 100 homes and injuring 2 fire ...
Liberty Mutual’s Net Income Continues Rebound Momentum
Liberty Mutual Holding Company Inc.'s 2018 net income has rebounded in a big way over the previous year, thanks in part to fewer natural catastrophes and the sale of a division. Net income for Q2 and ...
Property Cover Drives 3rd Consecutive Quarter of Global Commercial Insurance Prices Hikes
Global commercial insurance prices rose in the second quarter of 2018, marking the third consecutive quarter of increases, according to Marsh's "Global Insurance Market Index." These average ...
Treasury Dept. Proposals Clear Up Trump Tax Cut Confusion For Brokers, Agents
The Treasury Department has moved to clear up some confusion in the Trump tax cut law by proposing that the full 20 percent deduction for pass-through businesses be made available to a broad spectrum ...
Forecasters Downgrade Number of Atlantic Storms Predicted for 2018
With four storms already in the books, the Atlantic is expected to produce a total of nine to 13 named storms during the six-month hurricane season that ends Nov. 30, the National Oceanic and ...
July’s Droughts, Fires Caused Billions of Dollars in Economic Damage: Impact Forecasting
For many of July's global natural disasters, it was all about drought and wildfires, according to the latest update from Aon's Impact Forecasting. What the report found: Many countries dealt with ...
Hacking Programs Driven by Artificial Intelligence Feared as Next Big Cyber Problem
The nightmare scenario for computer security - artificial intelligence programs that can learn how to evade even the best defenses - may already have arrived. That warning from security researchers ...
Historic California Wildfires at Serious Risk of Spreading Further
Dry, hot and windy conditions are threatening to expand California's largest wildfires, which so far are burning in largely rural areas. The fires, which have killed 12 people and burned an area ...