News
Brexit Conflicts Rock May’s UK Cabinet; May Denies Problems
U.K. Prime Minister Theresa May is battling to assert her authority over a divided Conservative Party as she faces calls to quit as its leader before the next general election. While May insists she ...
AIG Shoots for Expansion Now That ‘Too Big To Fail’ Status Is Going Away
Now that American International Group Inc. is no longer too big to fail, it has a goal: Get bigger. The U.S. freed the New York-based insurer from enhanced regulation, removing the scarlet letter it ...
Hurricane Maria Insured Loss Estimates Vary Widely in Focus
Catastrophe modeling firms are beginning to issue preliminary estimates of the insured losses left in Hurricane Maria's wake. RMS Said Insured Losses Could Have Been Worse RMS predicted that the ...
Generali’s German Arm Plans Life Insurance Run-Off in Early 2018
Generali Deutschland has launched the next phase of its program to reorganize in Germany, which is one of Generali's core markets. The program is designed to strengthen and streamline operations, ...
Bill to Ensure Private Policies Meet Flood Insurance Requirement Passes House
The House of Representatives voted 264-155 today to pass bipartisan legislation that encourages the sale of private flood insurance in place of policies from the federal government in high risk areas ...
Beazley Warns of $150M Profit Hit From Hurricanes, Mexico Earthquakes
Lloyd's of London insurer Beazley said on Friday it reckoned that its losses from hurricanes Harvey, Irma and Maria in the Caribbean and southern United States and a series of earthquakes in Mexico ...
AIG Reportedly to be Freed From U.S. Systemic-Risk Designation
U.S. regulators are planning to release American International Group Inc. from the special government oversight ordered for the insurer after its central role in the 2008 financial crisis, according ...
Travelers Celebrates a Decade of Offering Wedding Insurance
The Travelers Companies marked the 10th anniversary of offering wedding insurance with an analysis of claims trends over the last decade, finding that vendor problems were the No. 1 cause of ...