News
Zurich Insurance CIO Wants New Rules to Protect Green Bond Boom
The integrity of the fast-growing "green bond" market is at risk unless a clear definition of what passes for green can be agreed, Zurich Insurance's investment chief told the Reuters Global Climate ...
White Mountains Grabs Majority Stake in Web Insurance Broker
White Mountains Insurance Group Ltd. purchased a majority stake in Tranzact for $178 million as the insurer renews its bet on policy sales through the Internet. White Mountains acquired 63 percent of ...
Worsening High-Tide Floods Could Make City Sections Unusable: Study
Flooding during high tides, which used to be rare, is now common in some places and could worsen to the point that sections of coastal cities may flood so often they would become unusable in the near ...
Cyclone Hudhud Making Damaging Mark in India
Cyclone Hudhud caused some serious damage in India after making landfall early Oct. 12, AIR Worldwide said. The Boston-based catastrophe modeling firm said the storm hit near Visakhapatnam with wind ...
Workers Compensation Could Take Small Hit From Ebola Outbreak: I.I.I.
With the first Ebola cases appearing in the U.S and its spread continuing in West Africa, workers compensation insurance could take at least a small hit due to health-care employee exposure, the ...
Tropical Storm Vongfong Hits Japan
Tokyo residents were warned of violent winds and flooding as Tropical storm Vongfong headed northeast toward Japan's main island of Honshu, injuring dozens and causing power outages. The storm packed ...
Get Your Insurance, IKEA-style
A new competitor is jumping directly into the insurance market – IKEA Group, the Swedish maker of stylish and affordable furniture. The Wall Street Journal reported that the company began selling ...
Atlantic Hurricane Season Still Has Time To Rally
The Atlantic hurricane season isn't dead yet. As weather-watchers focus on Typhoon Vongfong in the Pacific and Cyclone Hudhud in the Bay of Bengal, a subtropical depression has formed south of ...