Specialty
Target’s Cyber Attack Fallout Cost $148M in Q2; $38M to Insurers
Target Corp., the retailer that chose a new chief executive officer last week, said second-quarter profit trailed its forecast as U.S. sales remained weak and its Canadian operations continued to ...
Hawaii Dodges Hurricane Bullet
Hawaii escaped its first hurricane strike in 22 years as Iselle was downgraded to a tropical storm just before making landfall at the Big Island. Iselle, bearing winds of 60 miles (96 kilometers) per ...
ACE Group Beefs Up European Cyber Risk Insurance Practice
ACE Group recently took a number of steps to beef up its cyber risk insurance practice overseas, underscoring the increasing demand for coverage in this area. The company, one of the largest ...
Swiss Re CEO: Opportunities Fueled a Great Quarter
Swiss Re Group excelled in the 2014 second quarter with improved results in nearly every area but particularly property/casualty reinsurance. Group CEO Michel M. Liès noted the milestone stands in ...
Typhoon Rammasun Costliest Weather Event So Far in 2014
Super Typhoon Rammasun has become the costliest weather event so far in 2014, inflicting $6.5 billion in catastrophe losses in the Philippines and China. That's according to the latest Global ...
‘Most Hackable’ Car Claim Draws Muted Response From Chrysler, Nissan
Chrysler and Nissan said they are reviewing a report by well-known cyber security experts that rates their vehicles among the three "most hackable" cars on the market, along with a General Motors ...
Liberty Mutual’s Q2 Net Income Hits Double-Digit Drop
Liberty Mutual Holding Co. Inc. and its subsidiaries reported net income of $393 million for the quarter ended June 30, 2014, down $55 million or 12.3 percent from the same period in 2013. Net ...
KPMG: More Insurance Execs Are Mulling M&A Activity
An increasing number of insurers are mulling M&A activity or strategic acquisitions of specific lines of business in the months ahead, a new KPMG report concluded. Concerns about new regulations ...