News
Target’s Cyber Attack Fallout Cost $148M in Q2; $38M to Insurers
Target Corp., the retailer that chose a new chief executive officer last week, said second-quarter profit trailed its forecast as U.S. sales remained weak and its Canadian operations continued to ...
Allianz Profit Boost Fueled, in Part, by Fewer Natural Disaster Claims
Allianz SE, Europe's biggest insurer, said second-quarter profit rose 11 percent, helped by higher earnings at the life and health insurance unit and lower natural disaster claims. Net income ...
National Hurricane Center Focuses on Improving Long Term Forecasts
Advancements in weather prediction tools have allowed the National Hurricane Center (NHC) to introduce two new products, a storm surge flood prediction map and a five day tropical weather graphical ...
Hawaii Dodges Hurricane Bullet
Hawaii escaped its first hurricane strike in 22 years as Iselle was downgraded to a tropical storm just before making landfall at the Big Island. Iselle, bearing winds of 60 miles (96 kilometers) per ...
P/C M&As Are Alive and Well—They’re Just Different
We hear and read that merger and acquisition (M&A) activity in the property/casualty insurance industry is fading. Without a doubt, it isn't what it used to be. Deal transaction volume and values ...
Munich Re Slammed by Belated Japan Snowstorm Claims
Munich Re, the world's biggest reinsurer, reported second-quarter profit that missed analyst estimates, hurt by claims linked to a snowstorm in Japan. The shares dropped the most in three months. Net ...
AssureStart Lands New Chief Marketing Officer
Online insurance provider AssureStart has appointed Chad Zenner as its new chief marketing officer, tasked with driving the company's digital marketing and branding activities as well as enhancing ...