International
VW Gets Easier Ride in Europe on Emissions Scandal
Volkswagen is unlikely to face U.S.-style fines in Europe over its emissions scandal because of a softer regulatory regime and its home country Germany's determination to protect its car industry, EU ...
Texas Tornadoes Led to Bulk of Dec. U.S. Insured Storm Losses: Aon Benfield
The last 10 days of 2015 turned out to be brutal in terms of weather, contributing to at least $2 billion in insured losses for the month of December, according to Aon Benfield's Impact Forecasting. ...
California Welcomes El Niño-Driven Rain and Snow
Egged on by El Nino, rain is falling across California. While it's welcome, wanted and setting records, it still isn't enough to bust the drought. That doesn't mean the mood is dour because after ...
AIG CEO Peter Hancock Will Outline His Vision on Jan. 26
American International Group Inc., the insurer that has rebuffed activist investor Carl Icahn's push to divide into three companies, set a Jan. 26 presentation to outline Chief Executive Officer ...
Tianjin Explosions in China Didn’t Prevent Falling Marine Reinsurance Prices
Reinsurance rates in the marine sector continued to fall at the start of the year, in spite of the huge cost of explosions at China's Tianjin port last August, reinsurance broker Guy Carpenter said ...
FitBit Accused of Selling ‘Wildly Inaccurate’ Heart Monitoring Devices
FitBit Inc.'s heart monitoring devices are called "wildly inaccurate" in a lawsuit accusing the company of false advertising. Devices sold by the leading maker of fitness trackers "are mis-recording ...
U.K. Insurers Can Handle Nation’s Historic Floods: A.M. Best
As the U.K. continues to deal with a winter of historic flooding, strong balance sheets and an otherwise light year for bad weather will allow insurers to absorb the losses, A.M. Best concluded in a ...
AIG Invests in Worker Safety Wearable Device Tech Startup
AIG is investing in an early-stage technology startup developing wearable devices, analytics and systems to improve worker safety. Financial terms of the mega-insurer's investment in Human Condition ...