Industry News
Sea-Level Rise Puts $117.5B at Risk From Chronic Flooding
Those interested in risk management are starting to take climate change a bit more seriously. The evidence is anecdotal, but for proof one can just ask Phil Renaud, executive director for the Risk ...
Maine Employers Not Required to Reimburse Employees for Medical Marijuana Use
The Maine Supreme Court has ruled that employers in the state are not required to reimburse employees for their use of medical marijuana under the Maine workers compensation system because federal ...
AmTrust Shareholders Approve Revised $2.95B Plan to Go Private
Insurer AmTrust Financial Services said that AmTrust stockholders have approved a deal for it to become a private entity, a deal that values it at $2.95 billion and was negotiated after activist ...
Industry Shocker: Reserves Still Adequate
Although analysts at Conning didn't actually use the word "shocked" in their latest report on the property/casualty industry's loss reserve position, the title of the report—and the image on the ...
German Insurer DFV Considers IPO in Bid to Disrupt Allianz & Co.
With ambitions to challenge insurance giants like Allianz SE, newcomer Deutsche Familienversicherung AG needs 100 million euros ($116 million) in fresh funds to finance its expansion plan. An initial ...
Chubb Insists No Insurance for Weinstein, Who Wants Jury to Settle Coverage Issues
Hollywood movie mogul Harvey Weinstein is asking that a jury decide whether his insurer must defend him against 14 lawsuits accusing him of sexually harassing and assaulting women over several ...
Merger On Their Minds: Most Insurance Execs On the Hunt for Deals, KPMG Says
Eighty-one percent of insurance executives surveyed for a new report from KPMG International said they expect to seek at least one and as many as three acquisition targets or partnership ...
New Designs Make Homes Almost Catastrophe-Proof, But Adoption Slow
In a private waterfront resort on the northern tip of Key Largo, nestled between a tropical forest and the Caribbean, Eric Soulavy is marketing luxury for the age of climate change: coastal homes ...