News
AIG Answers ‘What-If’ Crisis Question With Divesture Strategy
American International Group Inc., the insurer that repaid a U.S. rescue in 2012, said it could divest insurance units and stop offering new policies if forced to wind itself down without a bailout ...
Allianz: Many U.S. Residents Want Foreign Vacation Insurance Coverage
Nearly half of Americans would consider buying travel insurance for future foreign vacations due to recent world events, according to a new survey. The finding is among the conclusions contained in ...
The CNBC Halftime Report is the place for market-moving interviews and fast-paced market analysis. It places investors right at the...
GC Securities Places First World Bank Cat Bond
In what appears to be a milestone for the cat bond sector, GC Securities said it has placed the first catastrophe bond issued by the World Bank. GC Securities (part of Guy Carpenter, itself a ...
Nomura Warns Inflation Risks Could Tar Long-term Insurance Earnings
Property/casualty insurers' 2014 second-quarter earnings will generally serve as a model of stability, though inflation and other factors may adversely affect long-term trends, Nomura Equity Research ...
Midyear Re Prices Down Up to 25 Percent
Reinsurance prices fell by as much as 25 percent in key markets midyear as pension funds poured in money and demand for cover from insurance companies remained subdued, brokers said on Tuesday. ...
Tropical Storm Arthur Watch: Small Turns Could Mean Big Impact
As Tropical Storm Arthur develops off Florida's coast, AIR Worldwide isn't predicting an major insurance damage. But small moves can mean big changes, the Boston-based catastrophe modeling firm said ...
Predictive Modeling in Property/Casualty Insurance
Predictive modeling in property/casualty insurance has been most widely used in pricing, underwriting and marketing personal insurance products such as personal auto and residential. Commercial ...
Google vs. Detroit: Tech Giant, Car Makers at Odds on Driverless Vehicles
In 2012, a small team of Google Inc. engineers and business staffers met with several of the world's largest car makers to discuss partnerships to build self-driving cars. In one meeting, both sides ...