News
Rating Agency S&P Weighs in on TRIPRA Renewal; Says Some Ratings at Risk
Smaller insurers with less capital and more terrorism exposures could be subject to negative rating actions under a renewed but changed federal terrorism insurance program, rating agency Standard ...
Munich Re Estimates 2014 Profit Dropping to $4.2B
Munich Re, the world's biggest reinsurer, said profit this year is expected to fall 9.1 percent to 3 billion euros ($4.2 billion) as prices charged by the industry decline. Munich Re also said it ...
Texas Owner of Steak Restaurants Acquires Truck Insurer First Guard
Biglari Holdings Inc. and First Guard Insurance Company announced Thursday that Biglari Holdings has acquired First Guard Insurance Company and its affiliate, 1st Guard Corporation. First Guard ...
Developers Wanted by Progressive for Driver Behavior Smartphone App
Progressive is working with application developers to find a way to use mobile phones to measure customers' driving behaviors, the auto insurer said in an announcement yesterday. The announcement was ...
Malaysia Plane Loss Spurs Calls to Upload ‘Black Box’ Data to the ‘Cloud’
The disappearance of Malaysian Airlines flight MH370 has prompted calls for in-flight streaming of black box data over remote areas, but industry executives say implementing changes may be complex ...
UK Website Selling Online Taxi Insurance
On Thursday, GoTaxi announced that it had launched a new taxi insurance website in the U.K. The website's objective is to match taxi and cab drivers who are looking for all types of taxi insurance ...
Scientists Report Solar Blasts Narrowly Missed Earth in 2012
Fierce solar blasts that could have badly damaged electrical grids and disabled satellites in space narrowly missed Earth in 2012, U.S. researchers said on Wednesday. The bursts would have wreaked ...
Nearly Half of Security Execs Say Insurers Alone Should Pay Costs of Physical Terror Attacks
Forty-seven percent of security executives across of a variety of industries believe that private insurance companies alone should pay for worker injuries and property damage in the aftermath of a ...