Industry News
Report: U.S. Nuclear Regulatory Commission Hit By Cyber Attacks
The U.S. Nuclear Regulatory Commission was "successfully hacked" three times in recent years in attacks involving tainted emails, according to an internal investigation on cyber attacks at the ...
Swiss Re’s Improved Financials Earn It a Ratings Upgrade
Swiss Re Group's good fortunes have helped give it a ratings boost. Fitch Ratings now ranks the company's financial strength rating as positive or A+, up from stable. A similar upgrade is in place ...
QBE CEO Neal: We’ll Keep U.S. Middle Market Biz
QBE has changed its mind about a possible sale of its U.S.-based middle market business, months after confirming that it was under strategic review. Why the change? It seems there's been a bit of a ...
Canada Feds: Rail Disaster Followed Inadequate Company Audit
The Canadian government did not adequately audit the railroad company at the center of the Lac-Mégantic crude tanker disaster, which last year killed 47 people, an independent federal agency said on ...
A.M. Best: Global Reinsurance Outlook Turns to Negative
Citing "weakening operating fundamentals" for reinsurers at large as the market continues to soften, A.M. Best has revised its outlook for the sector to negative. "It remains difficult to stray from ...
QBE Responds to Profit Plunge With Plans to Sell Assets
QBE Insurance Group Ltd. plans to raise about $750 million in a share placement and sell assets including part of its lenders' mortgage insurance business in Australia after reporting an 18 percent ...
I.I.I.: Earthquake Risks Rising as Homeowners Coverage Declines
While earthquake risks are rising in the U.S., fewer homeowners nationally say they have earthquake insurance, creating a potentially huge gap in coverage, according to the Insurance Information ...
Argo Group Subsidiary Launches Water-Entity Specialty Coverage
Argo Group International Holdings subsidiary Alteris Insurance Services is rolling out a new specialty insurance program that will help cover entities such as water or sewer facilities. The coverage ...