News
Study: Female Board Members Linked to Positive Company Financial Performance
There is a positive correlation between women serving on a company's board of directors and a firm's financial performance, according to new research from Syracuse University's Martin J. Whitman ...
RMS Reflects on the 2014 Catastrophe Risk Landscape
For the insurance industry, 2014 was not a year of big losses. However, look more closely and you will see a string of near misses and important reminders of the forces that can wreak destruction and ...
Insurance has always been about helping people and businesses navigate uncertainty. While most insurance policies cover familiar exposures like property,...
HCI Group Subsidiary Assumes 36,000 Policies From Citizens
Homeowners Choice Property & Casualty Insurance Co. Inc., a wholly owned subsidiary of HCI Group Inc., has assumed approximately 36,000 homeowners policies from Florida's Citizens Property ...
Report: XL Group/Catlin Merger a Done Deal
XL Group plc may have already closed an M&A deal with rival Catlin, according to international media reports. XL CEO Mike McGavick acknowledged on Dec. 17 that talks were underway, with a ...
BP U.S. Oil Spill Fine Could Reach $18 Billion
The government wants BP Plc to pay $16 billion to $18 billion in water-pollution fines for the worst offshore oil spill in U.S. history while seeking more than $1 billion from the co-owner of the ...
Staples Admits Data Breach May Have Hit 1.16M Payment Cards
Office-supply retailer Staples Inc said about 1.16 million payment cards might have been affected by the data breach announced in October. An investigation by external data security experts showed ...
South Korea Nuclear Power Data Leak Spurs Investigation
Seoul prosecutors have launched an investigation into a leak of non-critical data at South Korea's nuclear power operator, the prosecutors' office said on Sunday, as worries mount about nuclear ...
Obama: Sony Pictures’ Hacking an ‘Act of Cyber Vandalism’
The hacking of Sony Pictures Entertainment's computer system was "an act of cyber vandalism" that requires the U.S. to "respond proportionately," President Barack Obama said. The U.S. has linked the ...