News
Blame Brexit: 9,000 Bank Jobs Will Move From London to EU Over 2 Years
The largest global banks in London plan to move about 9,000 jobs to the continent in the next two years, public statements and information from sources shows, as the exodus of finance jobs starts to ...
Catastrophes Drove Private U.S. P/C Insurers to $4.7B Net Underwriting Loss: ISO and PCI Report
Private U.S. property/casualty insurers lost big in 2016, with a $4.7 billion net underwriting loss driven, in part, by significantly higher catastrophe-related insured property losses, according to ...
The Latest Launches From Guidewire, Palomar/AAA, Beazley and Allied World
Palomar Specialty Insurance Company and AAA Club Alliance will sell residential earthquake insurance in Oklahoma. Guidewire Software issued the 2017.1 version of its Guidewire InsurancePlatform. ...
Implications of NYDFS Regulations on Cyber and D&O Exposure
March 1, 2017 marks the effective date for the first-of-their-kind cybersecurity regulations from the New York Department of Financial Services (NYDFS). The regulations, which will be phased in over ...
Climate Change Worsens U.S. Mobile Home Tornado Vulnerabilities
Tornadoes and mobile homes don't mix to begin with, but throw in the volatility of climate change and the potential for massive property damage and deaths is even higher in coming decades, indicates ...
Warren Buffett: ‘If I Die Tonight, I Think the Stock Would Go Up Tomorrow’
Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., assured shareholders that they'll be fine after he's gone. "If I die tonight, I think the stock would ...
A Millennial Says: Individual Development Plans, Pay Incentives Help Nurture Younger Staff
The insurance and risk management fields are professions with legions of rapidly-retiring older employees, and they struggle to hire and keep promising new, and younger ones. How to accomplish this? ...
Munger Sees Danger, Opportunity in Berkshire Hathaway’s $10.2B AIG Deal
Charles Munger, the vice chairman of Warren Buffett's Berkshire Hathaway Inc., said the decision to take on insurance liabilities from American International Group Inc. offers plenty of risk, and ...