News
JLT Specialty USA, Stanford Team Up on Cyber Breach Data Effort
JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc., is partnering with academics at Stanford University, to build a comprehensive cyber breach data set, JLT announced late last ...
‘Significant’ Workers Comp Underwriting Profit Might Not Repeat: Fitch
The U.S. workers compensation insurance market achieved a "significant" underwriting profit in 2015, but trends call into question whether such a result can be repeated, Fitch Ratings concluded in a ...
Fort McMurray Wildfires Are Canada’s Costliest Disaster Ever: IBC Report
Insured losses from the May wildfires in Fort McMurray, Alberta, are expected to total C$3.58 billion ($2.76 billion), making it the costliest-ever Canadian natural disaster, an insurance industry ...
P/C Q1 Hurt by Catastrophe Losses, Lower Investment Gains: A.M. Best
It is clear now: the jump in catastrophe losses during the 2016 first quarter along with lower investment gains hurt U.S. property casualty insurers' bottom lines. While the P/C industry posted a ...
Insurers, Banks See Red Flag in British Property Panic
The run on British property funds has drawn attention to the vulnerability of the commercial real estate sector, largely funded by domestic banks and building societies but increasingly by foreign ...
Bank Cyber Attacks Reportedly Prompting New Fed Safeguards
U.S. regulators plan to require banks to adopt baseline safeguards to shield themselves from cyber threats after a series of assaults cost the industry billions of dollars and shook consumer ...
Executives On The Move at QBE and Swiss Re
Swiss Re's Corporate Solutions arm named a new CEO for its China division. QBE North America hired a new executive who will help shape operations in the western United States. *** Swiss Re Corporate ...
Tesla CEO Elon Musk Defends Timing of Autopilot Fatality Disclosure
Tesla Motors alerted regulators to a fatality in one of its electric cars in partial self-driving Autopilot mode nine days after it crashed, the company said on Tuesday, defending its decision not to ...