News
‘Event’ Needed to Boost International Insurance Pricing: QBE Group CEO
When Australia's QBE Insurance Group reported a 24 percent leap in first-half earnings last week, the leader of the company signaled the ability of the company to weather both natural catastrophes ...
Finding ‘Diamonds’ in Greenhouse Gas; Scientists Making Nanofibers from CO2
Finding a technology to shift carbon dioxide (CO2), the most abundant anthropogenic greenhouse gas, from a climate change problem to a valuable commodity has long been a dream of many scientists and ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Hurricane Katrina Led to Big Improvements in Coastal Building Codes
When Hurricane Katrina made landfall 10 years ago, it caused a whopping $41 billion in insured losses and more than $151 billion in overall economic losses. The storm left massive damages in coastal ...
North Atlantic Hurricanes and Amazon Wildfires Linked: Research
Researchers from the University of California, Irvine and NASA have uncovered a remarkably strong link between high wildfire risk in the Amazon basin and the devastating hurricanes that ravage North ...
Hurricane Katrina’s Legacy
Hurricane Katrina was a deadly storm that caused a large loss to the insurance industry—but not so large that it shouldn't have been anticipated by the catastrophe models. In the months after this ...
RSA Shareholders Brace For Lowball Bid From Possible Suitor Zurich Insurance
Shareholders in British insurer RSA are bracing for a lowball bid from prospective suitor Zurich Insurance, putting one of Europe's largest ever insurance deals in doubt. After flagging its interest ...
AIG Pulls in $500M Selling off Remaining Stake in AerCap Stock
American International Group Inc. said it raised net proceeds of about $500 million selling stock of AerCap Holdings NV as the insurer completed its departure from the airplane-leasing business. The ...
U.S. Regulators Accuse Two Pension Advance Companies of Cheating Retirees
U.S. regulators on Thursday filed a lawsuit accusing two companies of preying on retirees and military veterans by advancing high-cost loans disguised as pension advances, jeopardizing victims' ...