Reinsurance
Calif. Wildfires Could Leave Behind $8B in Insured Losses: Aon Benfield
California's historic wildfires may lead to as much as $8 billion in insured losses. That's a record for insurers, according the October 2017 Global Catastrophe Recap from Aon Benfield's Impact ...
Climate Risks Leave Insurers Bracing for Perilous Future
After one of the worst Atlantic hurricane seasons in history, the world's biggest insurers say the industry needs to get its act together if it wants to survive climate change. Insuring against ...
Insurers Could Pay Up $1B-Plus for Las Vegas Massacre Costs
The deadliest mass shooting in modern U.S. history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and ...
Small Businesses Aren’t Buying Cyber Liability Insurance: Insureon
A big challenge has emerged for carriers seeking to market cyber liability insurance: Most small businesses aren't necessarily buying the product and believe they're doing well enough with ...
London Wants Post-Brexit Regulatory Help For Financial District
Britain's regulators should put more emphasis on keeping banks globally competitive after Brexit, the City of London financial district's policy chief said on Thursday. Catherine McGuinness said ...
U.S. Flood Insurance Reform Gets SmartSafer Lobbying Push
The latest attempt to overhaul the U.S. federal flood insurance program hit a stumbling block, but a coalition of business and environmental groups renewed their push on Wednesday for lawmakers to ...
A Market Correction is Coming in 2018: Willis Towers Watson Prediction
Thanks largely to Hurricanes Harvey, Irma and Maria, commercial insurance buyers will face a market correction in 2018, Willis Towers Watson asserts in its 2018 Marketplace Realities report. In other ...
Hurricanes, Quakes Hammer Berkshire Hathaway’s GEICO, Gen Re, Other Insurance Units
Bad weather hurt Warren Buffett's Berkshire Hathaway Inc in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent ...