News
Watchdog Group Warns Arctic Shipping Safety Not Assured
Canada will have trouble ensuring marine safety in the Arctic as climate change melts the sea ice and shipping increases, Parliament's environmental watchdog said on Tuesday. Canada, said Environment ...
Swiss Re Predicts a Rise in Liability Claims as Economic Growth Accelerates
Liability claims have been lower than expected in recent years, which has boosted insurers' profits despite a decline in liability rates. But new risks and stronger economic growth will increase ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
How Insurers Gain ‘Systemically Important’ Status May Be Tweaked
The U.S. top financial risk council may tweak the way in which it identifies insurers and other companies that are not banks as systemically important, a process the industry and politicians have ...
Hanover Insurance Gets Ratings Affirmation in Advance of Q3 Earnings
The Hanover Insurance Group doesn't release its 2014 third quarter financial results until Oct. 29. But Fitch Ratings has given the Massachusetts-based U.S. property/casualty insurer an early bit of ...
Insurers Wary of ‘The Cloud’ Have Options for High Performance Models: AIR COO
Immediacy is the new norm in today's business environment, and catastrophe risk management is no exception. The insurance industry is increasing its use of catastrophe modeling to inform business ...
China’s Anbang Insurance to Pay Nearly $2B for Waldorf Astoria Hotel
Hilton Worldwide Holdings Inc., the world's largest publicly traded hotel operator, agreed to sell the landmark Waldorf Astoria hotel in Manhattan to China's Anbang Insurance Group Co. for $1.95 ...
Guy Carpenter to Broker Business Cyber Privacy Coverage
Guy Carpenter & Company LLC said it brokered a new cyber privacy and network protection coverage targeted to small-and medium-sized companies, a move that comes as cyber security violations are ...
Ex-Treasury Secretary Talked With China About 2008 Financial Bailout
Henry Paulson, the former treasury secretary, said he talked with China about helping bail out financial firms in 2008, in the first discussion of the rescue scheme in a court with two other plan ...