Government
Swiss Re, Prudential, Eye African Reinsurance and Pension Opportunities
A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in the face of mature markets and ...
Another Philippines Typhoon Causes Death and Destruction
Typhoon Hagupit slammed the central Philippines with heavy rain and gales, toppling trees and power lines and threatening the recovery of regions devastated by Super TyphoonHaiyan a year ago. Schools ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
Report: Congress Nears Deal on TRIA Extension
Lawmakers are close to extending a federal program that covers a portion of corporations' losses from acts of terrorism, according to three congressional aides. House Financial Services Committee ...
AIG CEO Urges More Private Industry Input for Flood Programs
American International Group Inc. Chief Executive Officer Peter Hancock cited government student lending and flood insurance as programs that could benefit from the perspective of private businesses. ...
Takata Irks Regulators by Rejecting Broader Air Bag Recall Request
The top U.S. auto-safety regulator told lawmakers there is no way Takata Corp. can justify limiting an air bag recall to only high-humidity states. David Friedman, the deputy administrator for the ...
New ISO Coverage Endorsements Counter Ebola Hits on Business
ISO is responding to concerns about Ebola with the development of two new coverage endorsements designed to help businesses when the virus strikes. Specifically, they're structured to assist ...
Allstate to Assist in Drone Development for Catastrophe Claim Work
Allstate Corp., the largest publicly traded U.S. home and auto insurer, said it will help research and develop uses for unmanned aerial vehicles to review damages after disasters. Allstate joined a ...
Supreme Court Hearing Former-UPS Driver’s Pregnancy Bias Claim
Peggy Young only has to look at her younger daughter to be reminded how long she has fought United Parcel Service over its treatment of pregnant employees, and why. Young was pregnant with Triniti, ...