Specialty
Insurers Faced Lower-Than-Average Natural Disaster Losses in H1: Impact Forecasting
It looks like economic and insured losses were relatively benign in the first six months of 2018. Global economic losses for natural disasters hit the $45 billion mark in the 2018 first half. Insured ...
Waymo, Walmart to Test Self-Driving Cars Ferrying Shoppers in Arizona
Alphabet Inc's Waymo is starting trials to ferry shoppers to Walmart Inc's stores in Phoenix, Arizona, the company said on Wednesday. Walmart shoppers in Phoenix metropolitan area can order groceries ...
XL Catlin Will Sell On-Demand Cyber Cover Using Slice Labs’ Cloud-Based Platform
XL Catlin will use Slice Labs' cloud-based, pay-per-use platform for a new cyber insurance product. The insurer and reinsurer plans to offer the new coverage for U.S. small and medium-sized business ...
Brexit Won’t Hurt UK Financial Jobs That Much, Bank of England Argues
Fewer than 5,000 financial jobs might move out of Britain by "Day One" of Brexit and future relocations will depend on new trading terms with the European Union, Bank of England Deputy Governor Sam ...
Executives On The Move at Chubb, XL Innovate and RMS
Chubb hired an executive who will oversee its North America Claims operations. XL Catlin's XL Innovate named a new principal who will help lead investments into novel areas. Catastrophe modeler RMS ...
Florida Carriers Fight Back Against Recent Ratings Agency Financial Strength Report
With Florida about to enter peak hurricane season, a state insurance association representing more than a dozen insurers in Florida is hitting back against a recent report from ratings agency Weiss ...
Wildfires in Greece Claim Dozens of Lives
Greek firefighters say that at least 74 people were killed in wildfires in the country's Attica region, which includes Athens, as a summer heatwave has increased the risk of blazes across Europe. The ...
Climate Change Starts to Globally Disrupt the Seasons Themselves
Poring over four decades of satellite data, climate scientists have concluded for the first time that humans are pushing seasonal temperatures out of balance—shifting what one researcher called the ...