Industry News
Renewable Energy Insurance Market Could Triple By 2020: Report
The renewable energy industry could be spending three times as much on insurance every year by 2020 to mitigate risks to projects, says a new report by Bloomberg New Energy Finance sponsored by Swiss ...
AIG Likely to Pursue IPO for ILFC Plane Leasing Unit as China Deal Stalls
American International Group Inc. is increasingly likely to pursue an initial public offering for its plane-leasing business after a deal to sell the unit stalled, according to analysts who follow ...
Insurer Alleghany Buys Stake in Asset Manager Ares, Commits Up to $1B
Alleghany Corp., the insurer that bought Transatlantic Holdings Inc., acquired a stake in Ares Management LLC and agreed to invest as much as $1 billion in the asset manager to diversify its ...Another Suitor Looking At American Safety; Fairfax Provides Waiver
American Safety Insurance Holdings, Ltd. announced Wednesday that Fairfax Financial Holdings Limited has provided American Safety with a waiver of certain provisions under the merger agreement ...
RMS Version 13.0 Released For North American Hurricanes
RMS announced the release of its North Atlantic hurricane model suite, version 13.0, today, noting that the release delivers the ability to fully quantify the risk from catastrophic hurricane-driven ...
Ralph Nader Planning Tort Law Museum
Ralph Nader has a new cause. After dedicating nearly half a century to battling businesses over almost everything from dangerous products to the influence of money in politics, the consumer advocate ...
How Most of the Insurance Industry Escaped the Worst of the Financial Crisis
At a time when efforts are underway to require additional supervision of some large insurers, a new government report concludes that the insurance industry's own practices and the policies of state ...
Transportation Insurer National Interstate Posts Surprise Q2 Loss
National Interstate Corp., the insurer majority owned by American Financial Group Inc., plunged the most since 2008 after reserves for claims in prior periods proved inadequate, fueling a surprise ...