International
Manmade Climate Change Likely Contributed to Severity of French Floods
An international team of scientists has found that manmade climate change nearly doubled the likelihood of last month's devastating French flooding. In a quick but not peer-reviewed analysis, the ...
Europe’s Robot Workers Could Become ‘Electronic Persons’ With Legal, Tax Obligations for Employers
Europe's growing army of robot workers could be classed as "electronic persons" and their owners liable for paying Social Security for them if the European Union adopts a draft plan to address the ...
UK’s Insurance Act May Lead to More Intense Rate Competition: Fitch Wire
A new U.K. law, designed to make it harder for insurers to dispute commercial insurance claims, could lead to more intense price competition and slimmer margins for the sector, according to Fitch ...
China Cyber Spying Activity Down Sharply: FireEye Report
The Chinese government appears to be abiding by its September pledge to stop supporting the hacking of American trade secrets to help companies there compete, private U.S. security executives and ...
AXA Plans to Cut $2.4B in Costs by 2020
AXA SA, France's largest insurer, plans to increase profitability through 2020 by seeking 2.1 billion euros ($2.4 billion) of cost cuts and growing digital investments to tap rising demand for ...
S&P Conference Report: Brexit Burden Unwelcome, Industry CEOs Say
While insurers and reinsurers will be able to deal with the aftermath of an exit of the U.K. from the European Union, the time and cost involved are unwelcome intrusions to the business, executives ...
Global Indemnity plc Redomesticating from Ireland to Caymans
Global Indemnity, plc announced Monday that its board of directors unanimously approved a plan to redomicile from Ireland to the Cayman Islands. Shareholders will be asked to vote in favor of ...
Foo Fighters Suing Lloyd’s Underwriters Over Terrorism Policy
The Foo Fighters are suing insurers for failing to reimburse them for European shows they canceled following the Paris terrorist attacks in November. The suit, filed last Monday in federal court in ...