News
After El Niño Fades, the 2015 Hurricane Season Could Be Quite Different
The 2014 Atlantic hurricane season is over, and in terms of severity, it was officially a dud. In parts of the Pacific, however, cyclone formation was robust, hitting Hawaii, Japan and India. But ...
Munich Re: Most Americans Now Believe in Climate Change
More than 8 in 10 Americans now believe the climate is changing—although they place that concern beneath issues like global political instability, economic crisis or a pandemic, according to a new ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Supreme Court Hearing Former-UPS Driver’s Pregnancy Bias Claim
Peggy Young only has to look at her younger daughter to be reminded how long she has fought United Parcel Service over its treatment of pregnant employees, and why. Young was pregnant with Triniti, ...
Fairfax Financial Grows Asia Insurance Presence With Malaysian Acquisition
Fairfax Financial Holdings said it will acquire the general insurance business from a Malaysian company as part of a broader expansion in Asia. Fairfax plans to use its subsidiary The Pacific ...
Hiscox Broadens Professional Service Coverage in U.S.
Specialist insurer Hiscox said it is beefing up its U.S. offerings for professional service firms. The expanded products are part of Hiscox's PRO line of insurance coverage, and contain added ...
CEO in Crisis: Takata’s Leader Lacks Sense of Emergency in Air Bag Recall, Associates Say
Shigehisa Takada, the third-generation head of Takata Corp., shows little sense of the crisis engulfing the Japanese air bag maker at the center of one of the auto industry's biggest safety recalls, ...
TRIA or Not, XL Group Is Betting on Its Own Standalone Terrorism Insurance Policy
XL Group has come up with a standalone terrorism insurance policy meant to cover gaps in the Terrorism Risk Insurance Act, or TRIA, whether or not the federal reinsurance law is renewed. The new ...
MAPFRE Seeking Acquisitions in Europe and U.S.
MAPFRE SA, the biggest insurer in Spain, is seeking to expand and may make acquisitions in Europe and the U.S., Chairman Antonio Huertas said. The company isn't constrained by regulators' efforts to ...