News
EPA Removed Waste at Texas Toxic Sites in Harvey Response Efforts
The Environmental Protection Agency says it has recovered 517 containers of "unidentified, potentially hazardous material'' from highly contaminated toxic waste sites in Texas that flooded last month ...
AIG Reorganizing Again; Commercial Now Part of General Insurance, Schimek Leaving
American International Group is reorganizing its underwriting businesses into three main segments—General Insurance, Life & Retirement, and a standalone technology-enabled platform—the ...
U.S. and EU Sign Covered Agreement on Insurance Regulation
The United States and European Union signed a bilateral agreement on prudential insurance and reinsurance measures on Friday. Both sides announced in July their intention to sign the agreement, also ...
A.M. Best Slaps Canal Insurance With Ratings Downgrade
Canal Insurance Co., a family-owned insurer focused on commercial trucking and specialty transportation, is dealing with a big ratings downgrade from A.M. Best. A.M. Best knocked down the A- ...
Expect More Energy Contract Lawsuits, Thanks to Hurricane Harvey
Lawyers expect a spate of force majeure contract lawsuits after Hurricane Harvey tore through Southeast Texas and parts of Louisiana last month, paralyzing a fifth of U.S. fuel output and pushing ...
Russian Reinsurer Seeks Expansion into China, India, Middle East, Africa
Russian National Reinsurance Company (RNRC) aims to expand into China, India, the Middle East and Africa to increase income from premiums and diversify beyond Russia, the chief executive said. ...
UK PM May Pursues Brexit Strategy Reboot With Transition Period Request
U.K. Prime Minister Theresa May will reboot her Brexit strategy on Friday by proposing a period of transition after the split with the European Union even if that means continuing to send money to ...
Global Reinsurers Pummeled by Storms, Quakes
A profit warning from one of the world's largest reinsurers is the latest sign that the death and destruction from a spate of hurricanes and earthquakes in North America are now taking a toll on the ...