Industry News
Home Depot Targeted In Lawsuit Over Missouri Tornado Deaths
A woman whose husband and two children were among eight people killed while taking cover in a Home Depot during the 2011 Joplin, Mo., tornado contends in a wrongful death lawsuit that the building ...
S&P: Hedge Fund Reinsurers May Remain Niche Players
Hedge fund reinsurers may be helping to upend an industry that's already fiercely competitive between traditional players and other, alternative sources of capital. But they'll have to come closer to ...
Fitch Says Hawaii Storms Shouldn’t Hurt Cat Bonds
Insured losses stemming from two Hawaii hurricanes won't break the bank, in large part because both storms diminished in intensity or avoided a direct hit. As well, outstanding catastrophe bonds ...
Florida’s State-Backed Citizens Insurance Defends Travel Costs
Florida Governor Rick Scott is calling on the top official of the state-backed property insurer to explain why the insurer has deviated from its limitations on overseas travel. Citizens Property ...
FICO Credit Scores to Ease Up on Medical Debt
A move by personal credit score provider FICO to leave out or discount medical debt from its scores will boost the credit record of many borrowers, while helping lenders to better assess risk. The ...
Catlin Doubles Profit Amid Rate Deterioration, Plane Crashes
Catlin Group Ltd., the insurer paying for two Malaysian Airline disasters, rose the most in more than a year in London trading after reporting record earnings even as deteriorating rates plague the ...
EU’s Banking, Insurance Watchdogs May Get Enhanced Powers
The European Union's trio of new financial watchdogs should have more powers over banks, insurers and markets to ensure national regulators apply EU rules, the bloc's executive body said on Friday in ...
Light Hurricane Season Now Even More Likely
Forecasters with the National Weather Service raised the likelihood for a below-normal season in their most recent Atlantic hurricane season outlook. The update predicts a 70 percent chance of a ...