Industry News
How Insurers Gain ‘Systemically Important’ Status May Be Tweaked
The U.S. top financial risk council may tweak the way in which it identifies insurers and other companies that are not banks as systemically important, a process the industry and politicians have ...
Hanover Insurance Gets Ratings Affirmation in Advance of Q3 Earnings
The Hanover Insurance Group doesn't release its 2014 third quarter financial results until Oct. 29. But Fitch Ratings has given the Massachusetts-based U.S. property/casualty insurer an early bit of ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
China’s Anbang Insurance to Pay Nearly $2B for Waldorf Astoria Hotel
Hilton Worldwide Holdings Inc., the world's largest publicly traded hotel operator, agreed to sell the landmark Waldorf Astoria hotel in Manhattan to China's Anbang Insurance Group Co. for $1.95 ...
Guy Carpenter to Broker Business Cyber Privacy Coverage
Guy Carpenter & Company LLC said it brokered a new cyber privacy and network protection coverage targeted to small-and medium-sized companies, a move that comes as cyber security violations are ...
Ex-Treasury Secretary Talked With China About 2008 Financial Bailout
Henry Paulson, the former treasury secretary, said he talked with China about helping bail out financial firms in 2008, in the first discussion of the rescue scheme in a court with two other plan ...
JPMorgan Cyber Attacks Sign That Rate of Trouble Will Increase
Tom Ridge, the first homeland security chief under President George W. Bush, says companies face more risk of cyber attacks similar to those that struck JPMorgan Chase & Co., Home Depot Inc. and ...Oaktree Capital Names Ex-AIG Executive Wintrob As First CEO
Oaktree Capital Group LLC named Jay Wintrob, the former head of American International Group Inc.'s life insurance business, as its first chief executive officer. Wintrob will have primary ...
AIR Releases Inland Flood Model for U.S.
Catastrophe risk modeling firm AIR Worldwide (AIR) has released a physically based, probabilistic inland flood model for locations on and off the many and varied floodplains across the United States. ...