Specialty
Reserve Charge, Cats to Dent State Auto Financial Earnings; EMC Down on Cats
Midwest insurers State Auto Financial and EMC Insurance Group preannounced anticipated declines in second-quarter earnings last night, with catastrophe losses hitting both companies, and a ...
Cars Need to Think Like Humans to Drive Themselves; Pollution an Issue: Auto Scientists
Automakers intending to bring driverless cars to market need to work as much on software design as mechanical engineering, the researcher leading Nissan Motor Co.'s automated-vehicle program said. ...
Liberty Mutual Sells $750M Bond to Fund Part of Berkshire Cover
Liberty Mutual Group Inc. issued $750 million of bonds to help finance a payment to a unit of Warren Buffett's Berkshire Hathaway Inc. for covering the insurance company's liabilities tied to ...
Smart Tech Creates New Risks for Energy Industry
Last November, Felix Lindner came very close to shutting down the power supply of Ettlingen, a town of almost 40,000 people in the south of Germany. "We could have switched off everything: power, ...
Lloyd’s Underwriters Find Success with U.S. Specialty Subsidiaries: SNL
Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant ...
Atrium Underwriting Is Lead War Insurer for Malaysia Air Jet
The Malaysia Airlines jet that was shot down over the eastern Ukraine amid a Russia-backed rebel insurgency was insured by Atrium Underwriting Group Ltd. in case of war, the company confirmed in an ...
Malaysia Airlines Plane Crash Insurance May Pose Quandary
Insurance on the Malaysian airliner brought down over Ukraine is likely to pay out relatively quickly if the cause of the crash is determined, but observers say settling insurance for the loss of 298 ...
RLI Scores With a Solid Q2
Specialty insurer RLI Corp. closed its 2014 second quarter with higher underwriting income and net earnings, greater book value, and growth in premiums earned. But the Illinois company still faced a ...