International
Natural Disaster-Related Losses Reach 13-Year Low in H1: Munich Re
Overall losses from storms, flooding and earthquakes almost halved in the first six months of 2018 to $33 billion, the lowest figure in 13 years, reinsurer Munich Re said on Wednesday. Insurers paid ...
African Dust Leads to Atlantic Storm Lull
What can give you itchy eyes, replenish the rain forest and bring a hurricane to its knees? Dry and dusty African air. The coffee-colored atmospheric swirl, captured by satellites last week, blew ...
China’s Anbang Insurance Is Exploring Its First European Divestment
Anbang Insurance Group Co. is exploring a sale of Belgian insurer Fidea, people with knowledge of the matter said, in what would be the troubled Chinese insurer's first European divestment since it ...
Volkswagen’s $10B Diesel Settlement Upheld by U.S. Appeals Court
A federal appeals court on Monday upheld Volkswagen's $10.03 billion settlement with the owners of nearly 500,000 polluting diesel vehicles announced in 2016. The three-judge panel of the U.S. 9th ...
The Latest Launches From Ironshore and Travelers
Liberty Mutual-owned Ironshore now has an energy equipment facility that offers property and inland marine insurance for on-shore middle-market business classes in the United States. Travelers' ...
ACORD Debuts Cyber Data Breach Cover Standard; Aon and Beazley Helped
ACORD, the global standards-setting body for insurers, has released what it bills as the industry's first standard for cyber data breach cover. Dubbed the ACORD Cyber Data Breach Standard, it was ...
Crypto Thefts Are Surging, Spurring More Coin Money-Laundering
Criminals are stealing more cryptocurrency from exchanges, and that's driving growth in a cottage industry of services that allows for money laundering of coins, according to a new report. In the ...
Top Sovereign Funds Met in Paris to Map Out Climate-Friendly Strategy
Sovereign wealth funds managing more than $2 trillion are to lay out a strategy on Friday in Paris to pressure companies to be more climate-friendly, French officials said. President Emmanuel Macron, ...