Specialty
Ratings Agencies Worry About Arch Capital’s $3.4B Deal for AIG’s Mortgage Guaranty Arm
Arch Capital Group Ltd.'s decision to buy American International Group's mortgage guaranty unit for $3.4 billion drew a mixed response from Standard & Poor's, Fitch Ratings, Moody's and A.M. ...
Carl Icahn is Pleased. Can AIG CEO Peter Hancock Exhale Now?
Carl Icahn, who won representation to the board of American International Group Inc. after threatening a proxy battle, said he's warming to the approach of the insurer's chief executive officer. " ...
Big Oil Faces $100B Risk From Louisiana’s Sinking Coast
From 5,000 feet up, it's difficult to make out where Louisiana's coastline used to be. But follow the skeletal remains of decades-old oil canals, and you get an idea. Once, these lanes sliced through ...
Mark Your Calendar: Ford Plans Driverless Ridesharing Car by 2021
Ford Motor Co., which put the world on wheels a century ago, is now taking the driver out of the driver's seat. The company said it plans to have a fully autonomous vehicle -- no steering wheel, no ...
LA Commercial Buildings Likely More Resilient to Pending Flood Losses: AIR Worldwide
While it is early to determine insured and economic losses from massive flooding in Louisiana and Mississippi, an AIR Worldwide assessment of the damage offers some potential clues. The catastrophe ...
As Active Shooter Incidents Increase, Industry Addresses Coverage Gray Area
There's a new insurance market emerging in light of a disturbing reality in today's world: active shooter risks. The new coverage is meant to address a gray area in insurance policies that may leave ...
P/C Ratings Upgrades, Positive Outlooks Outpaced Negative in H1: A.M. Best
Property/casualty insurers can take comfort in the fact that ratings upgrades and positive outlooks outpaced downgrades and negative outlooks through the first half of 2016, according to a new A.M. ...
Executives On The Move at AXIS, Great American and Lockton
AXIS Capital Holdings continued its global reinsurance expansion with a new Dubai-based executive appointment. A Great American Insurance executive got a promotion. Lockton Companies hired a new vice ...