News
Rail Risks in Focus: Trump’s Promise of Continued Deregulation and Investment Keeps Insurance Opportunities on Track
The growth of short-line and regional railroads over nearly three decades, coupled with safety advancements, have fueled new opportunities for specialty insurers in the United States—and a new ...
The Latest Launches From AIG and Allianz
A division of Allianz is debuting a video streaming service that lets customers send images in support of their property claims. AIG in the UK will give its customers the ability to upload accident ...
Uber Self-Driving Car Program at Risk; Engineer Allegedly Stole Trade Secrets
A judge said he's inclined to slap an order on Uber Technologies Inc. that may impede its self-driving car program after being told its director won't testify because he faces possible criminal ...
Chubb Returns Stolen Norman Rockwell Painting to Family 40 Years After Theft
Chubb has returned a stolen Norman Rockwell painting to the family of its original owners more than 40 years after its theft. Rockwell's "Boy Asleep with Hoe"—also known as "Lazy Bones" or "Taking ...
China’s Fosun International Reportedly Wants Pre-IPO Investors for Reinsurance Arm
Fosun International Ltd., the Chinese insurance-to-tourism conglomerate, is seeking investors for a minority stake in its reinsurance business ahead of a possible initial public offering, according ...
Market Pressures Rise for Bermuda Insurers and Reinsurers: A.M. Best
Bermuda market insurers and reinsurers are beginning to experience lower profits, a deterioration in both return on equity and combined ratio as well as the drying up of favorable reserve ...
Lloyd’s 2016 Underwriting Profit Takes Hit From Higher Natural Catastrophe Losses
Lloyd's reported 2016 pretax profit of £2.1 billion pounds ($2.6 billion). That's level with 2015, despite a worsening of the market's combined ratio at 97.9 percent, compared with 90.0 percent in ...
SVIA Launches InsurTech Innovation Lab
Silicon Valley Insurance Accelerator (SVIA) has launched its Innovation Lab, offering expertise and resources to accelerate development of InsurTech products, services and industry initiatives needed ...