News
Electronic Devices That Break Into Locked Vehicles Spur Heightened Worry: NICB
Auto theft investigators around the world are increasingly concerned about the use of electronic devices to break into otherwise locked vehicles. So says the National Insurance Crime Bureau, which ...
S&P Negative Watch For Berkshire Hathaway Hits Nearly 1,000 Muni Bonds
Municipal bonds from California to Puerto Rico may lose their second-best credit rating from Standard & Poor's after the company put Berkshire Hathaway Inc. and its core insurance units on a ...
U.K. Insurers Hit With Tougher Financial Conduct Rules
U.K. insurers face tougher conduct rules as the Financial Conduct Authority makes it easier to hold individuals at financial firms to account for failures on their watch. The FCA issued final rules ...
Iran, Minus Sanctions, Could Be Huge Boon For Insurers/Reinsurers: A.M. Best
The potential lifting of trade sanctions on Iran could present a huge opportunity for insurers and reinsurers in the months and years ahead, A.M. Best concluded in a new briefing. Right now, the ...
Judicial Ruling on 2008 AIG Bailout Triggers U.S. Government Appeal
The United States filed an appeal on Wednesday against a U.S. judge's ruling in June that sided with former American International Group chief executive Maurice "Hank" Greenberg on a legal claim over ...
Validus’ PaCRe Gets A.M. Best Negative Outlook, Withdraws From Rating Process
PaCRe Ltd. must deal with a negative outlook from A.M. Best, which has also withdrawn its ratings of the fledging, Bermuda-based reinsurer. The ratings statement does include some good news. A.M. ...
Wells Fargo Explores Possible Sale of Crop-Insurance Unit
Wells Fargo & Co. is considering options for its crop-insurance business that may include a sale amid a flurry of acquisitions in the industry. The lender is looking into "strategic options," ...
Catastrophe Losses, Currency Volatility Upended Liberty Mutual’s Q2
Liberty Mutual Insurance faced a net income decline of close to 36 percent in the 2015 second quarter, with currency volatility, higher catastrophe losses and energy sector market pressures to blame. ...