News
A.M. Best: Global Reinsurance Outlook Turns to Negative
Citing "weakening operating fundamentals" for reinsurers at large as the market continues to soften, A.M. Best has revised its outlook for the sector to negative. "It remains difficult to stray from ...
QBE Responds to Profit Plunge With Plans to Sell Assets
QBE Insurance Group Ltd. plans to raise about $750 million in a share placement and sell assets including part of its lenders' mortgage insurance business in Australia after reporting an 18 percent ...
Google’s Driverless Car Impresses in Demo Run
The car stopped at stop signs. It glided around curves. It didn't lurch or jolt. The most remarkable thing about the drive was that it was utterly unremarkable. This isn't damning with faint praise. ...
Subterranean Reservoir Meets Tokyo Typhoon Threat
Below the condos and boutiques of Tokyo's upscale Minato ward -- which includes Roppongi Hills, home to Goldman Sachs Group's Japan headquarters -- a boring machine has carved out the city's newest ...
I.I.I.: Earthquake Risks Rising as Homeowners Coverage Declines
While earthquake risks are rising in the U.S., fewer homeowners nationally say they have earthquake insurance, creating a potentially huge gap in coverage, according to the Insurance Information ...
Creating Added-Value Data Sets From Weather Model Forecasts
In the first part of this two-part series of articles, we examined the various weather models that drive most of the forecasts used by consumers and businesses to make weather-sensitive decisions. ...
Argo Group Subsidiary Launches Water-Entity Specialty Coverage
Argo Group International Holdings subsidiary Alteris Insurance Services is rolling out a new specialty insurance program that will help cover entities such as water or sewer facilities. The coverage ...
China Investment Firm to Buy Big Stake in Ironshore
An investment group from China will buy a big stake in in Ironshore Inc., a billion-dollar insurance holding company led by former AIG executives that filed plans for a $100 million IPO in late June. ...