News
Small Business Cyber Risk Awareness Rises: Zurich Survey
One way to reduce cyber risks is to boost awareness of them. In that regard, Zurich Insurance Group says, there has been big progress in terms of getting the word out among small and medium-sized ...
AIG’s Schimek Sees Continued Combined Ratio Improvement in 2017
AIG has made good progress toward achieving its strategic goals of creating "a leaner, more focused, highly profitable commercial insurance organization," according to Robert S. Schimek, executive ...
AIG Europe HQ May Leave London on Brexit Concerns
American International Group, a U.S. insurer, may move its European headquarters from London to another European Union country because of Britain's vote to leave the EU, the head of the AIG's ...
Large Insurers May Gain as a Trump Administration Deregulates
Wide-ranging financial industry deregulation under President-elect Donald Trump could benefit large insurers, particularly those such as AIG and others deemed as systemically important under current ...
Oklahoma Quakes Spark Lawsuits Against Energy Cos., U.S. Govt. Over Fracking
Residents of a town hit by Oklahoma's strongest earthquake have filed a class-action lawsuit against dozens of energy companies, accusing them of triggering destructive temblors by injecting ...
AIG to Lose $430M on Fuji Sale, Gain $300M on Seoul Transaction
American International Group Inc., the insurer that's shrinking to free up capital for shareholder buybacks, said it expects to book a loss of about $430 million on the previously disclosed deal to ...
China’s Anbang Insurance Reportedly May Grab $2.3B in Blackstone-Owned Japanese Property
China's Anbang Insurance Group Co is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group , two people involved in the discussions said, in what would ...
Advanced Weather Satellite Launches Promising Revolution in Hurricane, Tornado Forecasts
The most advanced weather satellite ever built rocketed into space Saturday night, part of an $11 billion effort to revolutionize forecasting and save lives. This new GOES-R spacecraft will track ...