International
London Courts Popular Destination for ‘Legal Tourists’
Foreigners brought almost two-thirds of all lawsuits heard in London's leading commercial court over the last five years, according to a new survey, cementing the city's reputation as the venue of ...Global Cyber Bank Theft Raises Security, Insurance Questions
In one of the biggest ever bank heists, a global cyber crime ring stole $45 million from two Middle Eastern banks by hacking into credit card processing firms and withdrawing money from ATMs in 27 ...
Claims Down, Premiums Up for Reinsurers
Low damage claims and rising premiums helped to shield earnings at German reinsurers Munich Re and Hannover Re in the first quarter, as the sector battles to shore up profits amid record low interest ...
Bird Flu Worries Rise with Budget Cuts
The World Health Organization's ability to police the new strain of bird flu that has killed 27 people in China is being jeopardized by budget cuts, according to a top U.S. official. "One of the ...
NAIC CEO Nelson Explains Affordable Care Vote, Warns Feds ‘Stay In Your Lane’
Spending roughly a dozen years in the U.S. Senate taught the new CEO of the National Association of Insurance Commissioners (NAIC) how to play defense, he revealed during an industry meeting last ...
Buffett: Berkshire to Become ‘Significant Factor’ in Commercial Insurance
Investor Warren Buffett said Berkshire Hathaway plans on growing its commercial lines insurance business quickly now that it has added four executives from American International Group (AIG). "I ...