News
Earthquake Insurer Startup Expands Into Multiple States
Palomar Specialty Insurance Company has expanded into 10 more states, six months after launching as a provider of commercial and residential earthquake insurance. The California-based company ...
China Retailer Counters Food Safety Scares With Baby Milk Insurance
A Chinese retailer is offering insurance to customers who buy infant milk powder, highlighting the lengths to which companies are going to address concern about food safety in China. Suning Commerce ...
Survey: Insurers Gain More From Digital vs. TV Ads
Insurance companies that spend their advertising dollars on digital ads can increase their brand awareness far more than they can with television. A study by the digital advertising services firm ...
Allied World Paying $215M for RSA’s Hong Kong and Singapore Business
Allied World Assurance Company, Ltd. will fork over at least $215 million for RSA Insurance Group's Hong Kong and Singapore business, fueling further expansion for the mega-insurer in Asia. The cash ...
For $16.65B, Bank of America Resolves Mortgage Charges
Bank of America Corp. reached a record $16.65 billion settlement with the U.S. government to settle charges that it and companies it bought misled investors into buying troubled mortgage-backed ...
New RMS Terrorism Model Accounts For Fewer Risks in Many Locales
Catastrophe modeling firm RMS revamped its terrorism model to reflect lower terrorism risks in countries including Canada, Denmark, Ireland, Italy and the United Kingdom. RMS said the changes reflect ...
The Dead and Missing Rise in Japan Landslide Tragedy
Rescue workers battled through mud for a second day in search of dozens of people still missing after torrential rain triggered landslides in the western Japanese city of Hiroshima that killed 39 ...
Global Bank Giants Face U.S. Warnings Over Risk Assessment Practices
U.S. regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms' poor grasp of their own weaknesses, and push for rapid improvements in risk assessment, ...