International
A.M. Best’s 2016 Forecast for Global Reinsurers: Negative
As A.M. Best sees it, the global reinsurance sector will continue to have a negative outlook heading into 2016. The reason, according to its latest briefing: major market challenges "that will hinder ...
2015’s Most Costly Insured Catastrophe Events: Swiss Re
The explosions at China's Tianjin port in August may have been the most costly insured catastrophe loss event in 2015, according to Swiss Re's estimates. But five other events also carried enormous ...
Construction-Waste Site May Have Triggered Massive China Landslide
A landslide that left at least 91 people missing in southern China may have started from a man-made pile of earth and construction debris, an initial government investigation showed, drawing new ...
Cyber Provisions in China Anti-Terror Law Concern Business Groups
China's controversial anti-terrorism law could be passed as soon as the end of this month, state news agency Xinhua said on Monday, legislation that has drawn concern in Western capitals for its ...
Executives On The Move at Allied World, Argo Group and W.R. Berkley
Allied World brought in a new executive to help run its marine operations; Argo Group hired a head of professional lines in Bermuda; W.R. Berkley Company named a senior vice president charged with ...
Swiss Re: 2015 Insured Economic Losses Dropped to $32 Billion
Insured losses from natural catastrophes dropped in 2015 compared to 2014. But man-made losses spiked higher, led by China's Port of Tianjin explosions in August, Swiss Re said in its preliminary ...
Allstate Dives Deeper into Commercial Drone Research
Allstate said it has taken two strategic steps designed to advance its use of commercial drones for property claims. The property/casualty insurance giant said it has teamed with EagleView ...
VW Scandal Fallout: Automaker Creates U.S. Diesel Emissions Claims Program
Volkswagen of America said it is creating an independent claims program for the owners of nearly 600,000 diesel vehicles that emit up to 40 times legally allowable emissions. The German automaker ...