Industry News
Climate Risks Leave Insurers Bracing for Perilous Future
After one of the worst Atlantic hurricane seasons in history, the world's biggest insurers say the industry needs to get its act together if it wants to survive climate change. Insuring against ...
Insurers Late to the Game With a 3-D Printing Coverage Strategy
Insurers are woefully behind in developing a coverage strategy for 3-D printing and stand to face liability problems if they don't do so, an expert appearing at the PLUS 2017 conference in Atlanta ...
Insurers Could Pay Up $1B-Plus for Las Vegas Massacre Costs
The deadliest mass shooting in modern U.S. history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and ...
Global ‘Too Big to Fail’ Insurer Assessment Reportedly Going Away
Global financial regulators have decided to ditch a "too big to fail" gauge for assessing the riskiness of insurers, according to a source briefed on the matter, in a big win for companies such as ...
Hub International Will Acquire Wells Fargo’s Crop Insurance Broker Business
Hub International will snatch up the assets of Wells Fargo Insurance's crop insurance broker business. Neither side disclosed financial details. Hub International is already a large, global ...
Waymo’s Driverless Ride-Hailing Service Will Start Testing in Arizona
Alphabet Inc's Waymo will launch a ride-hailing service with no human behind the steering wheel and has been testing the fully self-driving cars on public roads in Arizona, Chief Executive John ...
London Wants Post-Brexit Regulatory Help For Financial District
Britain's regulators should put more emphasis on keeping banks globally competitive after Brexit, the City of London financial district's policy chief said on Thursday. Catherine McGuinness said ...
AmTrust Lost $174.7M in Q3, Hammered by Catastrophe Costs
AmTrust Financial Services reported significant net losses in the 2017 third quarter, a dip in gross written premium and a skyrocketing combined ratio. Net losses hit $174.7 million, or $0.89 per ...