News
Once Again, Dust From Africa Helps Tamp Down Atlantic Hurricane Risks
Atlantic storm watchers are going to have a hard time seeing the ocean, never mind any tropical systems, as another Saharan swirl of dust from Africa is moving west. The dust, a marker for dry air, ...
Allergan Sues Pfizer Over Potential Opioid Lawsuit Damages
Allergan Plc sued Pfizer Inc. to cover any potential damages that the drugmaker might be forced to pay as a result of the hundreds of lawsuits it faces over its alleged role in the opioid crisis. ...
Wait Before You Ask About AIG’s Next M&A Target
Now that American International Group has finally closed its $5.6 billion acquisition of Validus Holdings, an unspoken question has been: What's the next acquisition target? The issue came up during ...
State Auto Ekes Out Small Profit; Combined Ratio Reaches 107
State Auto Financial Corp. eked out a small profit in the second quarter, with rate hikes helping its bottom line. At the same time, the Ohio-based insurer struggled with a combined ratio well above ...
UK PM May Remains Hopeful About Brexit Deal Despite Trade Secretary’s Pessimism
Theresa May still believes that a Brexit deal with the European Union is likelier than not, according to her spokesman, despite her Trade Secretary Liam Fox saying the opposite over the weekend. "We ...
California, Battered by Wildfires, Rejects Trump’s Proposed Clean-Air Plan Rollbacks
With his proposal to roll back fuel economy and emissions standards for cars and trucks Thursday, President Donald Trump drew a line in the California sand. The nation's most populous state wasted no ...
Underwriting Pain, Exits Begin; Insurers Rethinking Lloyd’s
News that Lloyd's is undergoing a strategic review of its operations may be part of a larger industrywide phenomenon—reality is setting in and underwriting pain is increasing, an industry executive ...
Tale of Two Floridas: Hurricane Irma’s Belated Impact on Reinsurers
Reinsurers expressed different views of loss developments related to Hurricane Irma, when executives reviewed the impact of the Florida event on second-quarter earnings reports last week. Everest Re ...