Industry News
UK, EU Clash Over Blocked Brexit Talks
Britain and its European Union partners clashed on Monday over which side should make the next move to unblock Brexit talks, despite concerns they will miss a deadline for a divorce deal and that ...
AIG Warns of Possible $3.1B Catastrophe Loss Hit for Q3 from Hurricanes, Earthquakes
American International Group warned it faces as much as $3.1 billion in pre-tax catastrophe losses for the 2017 third quarter, largely from three hurricanes and two Mexico earthquakes. The ...
Hurricane Nate’s Insured Losses Will Reach Close to $500M: Karen Clark & Co.
Hurricane Nate will likely cause close to $500 million in insured losses, according to a flash estimate from catastrophe modeling form Karen Clark & Co. While the number is not insignificant, it ...
Buffett’s Berkshire Hathaway Buys Stake in Italian Insurer Cattolica
Warren Buffett is expanding his wager on Italy. The billionaire's Berkshire Hathaway Inc. said Thursday it agreed to buy about 9 percent of Italian insurer Societa Cattolica di Assicurazioni Scrl ...
Texting Isn’t to Blame for Still-Rising U.S. Traffic Deaths
Traffic fatalities in the U.S. jumped for the second straight year in 2016 despite a dip in crash deaths linked to distracted driving, according to data released by federal highway safety regulators. ...
Lloyd’s Signs Global AI Deal With Expert System
Lloyd's of London wants to infuse artificial intelligence technology into the daily business it does with its customers. The world's largest insurance market signed a global deal with Expert System ...
Hurricane Nate Becomes 4th Hurricane in 2 Months to Make U.S. Landfall
Hurricane Nate on Saturday became the fourth hurricane to make landfall in the U.S. in the past two months. Unlike the other mammoth hurricanes, however, this one landed at Category 1. Hurricanes ...
Report: Zurich CEO Greco Claims 2019 Cost-Cutting Goal at Halfway Point
Zurich Insurance will have cut costs by $700 million by the end of the year, nearly halfway to its goal to save $1.5 billion by 2019, Chief Executive Mario Greco said in an interview published on ...