News
Beazley Reports 60 Percent Surge in Data Breach Cases for 2015
For those tracking the continued surge of data breaches and other cyber crimes, a report by specialty insurer Beazley offers a stark example of how serious the problem has become. Beazley, a major ...
El Niño Has Done Little to Counter California’s Historic Drought
Ed Heinlein surveys the steep mountainside that has repeatedly unleashed tons of mud into the backyard of his Southern California home since a 2014 wildfire and still hopes the drought-stricken state ...
SCOTUS Rejects AIG Bid to Recoup Foreign Tax Credits
The U.S. Supreme Court on Monday rejected bids by three companies to recoup hundreds of millions of dollars in foreign tax credits denied by the Internal Revenue Service as the tax agency tries to ...
American Financial Wants 49% of National Interstate Corp. for $293M
Insurance holding company American Financial Group wants to snatch up the rest of National Interstate Corp. that its subsidiary doesn't already own in a proposed $293 million deal. The ownership ...
Watch This Video: How P/C Insurers Plan to Use Predictive Analytics
Two years from now, property/casualty insurers will be using predictive analytics in a much wider assortment of ways than they do now. A Willis Towers Watson survey found that expected jumps in ...
Commercial P/C Rates Down 4% in February: MarketScout
Commercial property/casualty rates in the U.S. dropped again in February, with the composite rate once again coming in at -4 percent, according to the newest market barometer from MarketScout. By ...
Report: VW Leaders Knew of Illicit Emission-Control Software Early On
The current chairman and the chief executive of Volkswagen AG were alerted by the former CEO to the use of illicit emissions-control software in the United States two weeks before the carmaker ...
Global Regulators Propose Stricter Banking Rules to Address Cyber and Fraud Risks
Global regulators have proposed stricter rules on how banks calculate the amount of capital they need to cover risks to operations from cyber attacks, fraud or hefty fines. The proposals are the ...