Specialty
Validus’ Newly Acquired Western World Ops Lose ‘A+’ A.M. Best Rating
Although rating agency A.M. Best says Validus Holdings' Oct. 2, 2014 acquisition of Western World Insurance Group means greater financial flexibility for the acquired excess and surplus lines ...
Home Depot Also Admits Hacker Theft of 53 Million E-Mail Addresses
Home Depot Inc., which suffered a data breach between April and September, said 53 million e-mail addresses were taken by hackers during the attack, in addition to the 56 million payment cards that ...
Aspen’s U.S. Arm Realigns Casualty Business
Aspen U.S. Insurance, part of the insurance segment of Aspen Insurance Holdings Ltd., announced Thursday that it has realigned its casualty business to better serve broker partners and deliver ...
Virgin Galactic Crash Could Help Trigger Aviation Rate Hikes: A.M. Best
Aviation insurance could get more expensive in the coming months, thanks in part, to the recent crash of the Virgin Galactic test flight and the NASA Antares rocket explosion A.M. Best concluded in a ...
Wells Fargo Acknowledges U.S. Mortgage Insurance Settlement Talks
Wells Fargo & Co said on Wednesday it is in discussions with the U.S. government to resolve a lawsuit accusing the nation's largest mortgage lender of cheating taxpayers by submitting ineligible ...
RSA CEO: Premiums Down; Strategy to ‘Reset’ Insurer Ahead of Schedule
RSA Insurance Group Plc declined in London trading after reporting lower premiums in the first nine months of this year as prices fell and it withdrew from less profitable businesses. RSA, which was ...
Apple Computers and Devices Targeted By New Malware
Palo Alto Networks Inc has discovered a new family of malware that can infect Apple Inc's desktop and mobile operating systems, underscoring the increasing sophistication of attacks on iPhones and ...
In October, the Worst Storms Slammed Into India and Japan
As of Nov. 1, the U.S. achieved 3,295 consecutive days without a major hurricane landfall. That doesn't mean there weren't major storm events in October, but the worst ones hit India and Japan ...