News
Margin of Loss Reserve Adequacy Down to 2%; Well May Run Dry: Conning
Loss reserves for the U.S. property/casualty industry are still adequate, but the fat was trimmed down to roughly 2 percent of overall carried reserves for year-end 2015, an analyst reported last ...
Pension Fund Sues VW in Germany Over Emissions Scandal Losses
Volkswagen AG was sued by the California State Teachers' Retirement System in the latest lawsuit to emerge from the emissions cheating scandal that wiped more than $20 billion from the carmaker's ...
Manmade Climate Change Likely Contributed to Severity of French Floods
An international team of scientists has found that manmade climate change nearly doubled the likelihood of last month's devastating French flooding. In a quick but not peer-reviewed analysis, the ...
Europe’s Robot Workers Could Become ‘Electronic Persons’ With Legal, Tax Obligations for Employers
Europe's growing army of robot workers could be classed as "electronic persons" and their owners liable for paying Social Security for them if the European Union adopts a draft plan to address the ...
UK’s Insurance Act May Lead to More Intense Rate Competition: Fitch Wire
A new U.K. law, designed to make it harder for insurers to dispute commercial insurance claims, could lead to more intense price competition and slimmer margins for the sector, according to Fitch ...
Neon, Formerly Marketform, Opens Bermuda Office; Former Ariel CUO Fisher Is CEO
The specialist Lloyd's insurer Neon, formerly known as Marketform, announced it has opened an office in Bermuda as it grows its international footprint with greater access to both the Bermudian and ...
Father of Paris Terror Attack Victim Sues Google, Facebook, Twitter
The father of a young woman killed in the Paris massacre last November is suing Google, Facebook and Twitter, claiming that the companies provided "material support" to extremists in violation of the ...
China Cyber Spying Activity Down Sharply: FireEye Report
The Chinese government appears to be abiding by its September pledge to stop supporting the hacking of American trade secrets to help companies there compete, private U.S. security executives and ...