News
AXA Restructuring: Execs May Slash 600 Insurance Jobs in Belgium
Axa SA is considering cutting 650 jobs in Belgium over the next two years, as Europe's second-largest insurer overhauls its range of products sold in the country. Axa Belgium has presented the plan ...
Negative Reinsurance Sector Outlook Not Changing Anytime Soon: A.M. Best
A.M. Best said its outlook for the reinsurance sector remains negative due to a multitude of factors, and it will likely stay that way for quite some time. "Our rating outlook remains longer-term ...
The Mathematics of Earthquakes: Student Applies Financial Model to Seismic Data
A computational science doctoral student at the University of Texas at El Paso has successfully tied a new mathematical modeling process to the study of earthquakes. "The model that we applied to the ...
Post-Brexit Warning: Lloyd’s Chairman Says UK Risks Losing Insurers
Lloyd's of London and other insurers will be forced to move part of their businesses to the European Union if they fail to access the single market following Britain's decision in June to leave the ...
Flash Estimate: Hermine Insurance Losses Likely $0.5B
Offering the first damage estimates to insurance editors for Hurricane Hermine on Friday afternoon, Karen Clark & Company (KCC) released a statement projecting insured losses approaching $500 ...
Farmers Launches Food Truck Insurance Product
Farmers Insurance has launched an innovative new policy that offers licensed food truck owners the opportunity to purchase a single policy that combines commercial automobile coverage for their truck ...
Battery Combustion Risk Forces Recall of Samsung Galaxy 7 Smartphones
Samsung Electronics Co. recalled its Galaxy Note 7 smartphones because of a faulty battery and announced a global replacement program, days before archrival Apple Inc. is set to unveil its newest ...
New Technologies: A Double-Edged Sword for Insurance Companies
The insurance industry is on the horns of a dilemma: how to use new technologies to improve their operations and how to insure the risks these new technologies present to their customers. Situation ...