Specialty
Earthquakes, Storms Make H1 Insured Losses Soar: Munich Re
Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a ...
Insurers, Banks, Pension Funds Must Address Climate Change Risks: Report
The world's insurers, banks and pension funds are "inherently susceptible" to threats from climate change and must make adjustments, from shifting investment toward environmentally friendly ...
InsTech Startup Slice Partnering with Munich Re
Slice Labs Inc., the insurtech startup that disclosed $3.9 million of seed funding from XL Innovate and Horizon Ventures in March, announced Monday that Munich Re has signed on as a coverage partner. ...
SEC to Target Tesla for Disclosure Failure: WSJ Report
The U.S. Securities and Exchange Commission is investigating Tesla Motors Inc. for a possible securities law breach after the electric car maker failed to disclose a fatal crash in May, the Wall ...
Insurance Matters for Police Reform: University Researcher
Liability insurance may be a "neglected backdoor route to police reform," according to a researcher from the University of Chicago. John Rappaport, an assistant professor at the University of Chicago ...
JLT Specialty USA, Stanford Team Up on Cyber Breach Data Effort
JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc., is partnering with academics at Stanford University, to build a comprehensive cyber breach data set, JLT announced late last ...
‘Significant’ Workers Comp Underwriting Profit Might Not Repeat: Fitch
The U.S. workers compensation insurance market achieved a "significant" underwriting profit in 2015, but trends call into question whether such a result can be repeated, Fitch Ratings concluded in a ...
Insurers, Banks See Red Flag in British Property Panic
The run on British property funds has drawn attention to the vulnerability of the commercial real estate sector, largely funded by domestic banks and building societies but increasingly by foreign ...