News
AmTrust Shareholders Approve Revised $2.95B Plan to Go Private
Insurer AmTrust Financial Services said that AmTrust stockholders have approved a deal for it to become a private entity, a deal that values it at $2.95 billion and was negotiated after activist ...
Industry Shocker: Reserves Still Adequate
Although analysts at Conning didn't actually use the word "shocked" in their latest report on the property/casualty industry's loss reserve position, the title of the report—and the image on the ...
German Insurer DFV Considers IPO in Bid to Disrupt Allianz & Co.
With ambitions to challenge insurance giants like Allianz SE, newcomer Deutsche Familienversicherung AG needs 100 million euros ($116 million) in fresh funds to finance its expansion plan. An initial ...
The Next Tobacco? Climate Litigation Threat Growing: Opinion
Last month, a group of 10 families filed an action against the European Union at the European General Court, the EU's second highest court. All claim to have suffered loss from climate change. ...
How Do You Count Deaths From a Hurricane?
How many people died in Puerto Rico from Hurricane Maria? It's a question that has been debated since the powerful storm slammed into the island and devastated the U.S. territory last year. It's also ...
Chubb Insists No Insurance for Weinstein, Who Wants Jury to Settle Coverage Issues
Hollywood movie mogul Harvey Weinstein is asking that a jury decide whether his insurer must defend him against 14 lawsuits accusing him of sexually harassing and assaulting women over several ...
Merger On Their Minds: Most Insurance Execs On the Hunt for Deals, KPMG Says
Eighty-one percent of insurance executives surveyed for a new report from KPMG International said they expect to seek at least one and as many as three acquisition targets or partnership ...
Beyond Jeopardy and Board Games: IBM Computer Takes On Human Debaters
An argumentative computer proved formidable against two human debaters as IBM gave its first public demonstration of new artificial intelligence technology it's been working on for more than five ...