News
Fairfax to Buy $250M More BlackBerry Debentures; Markel Also a Backer
Fairfax Financial Holdings Ltd will buy another $250 million worth of BlackBerry Ltd's convertible debentures, the companies said Wednesday, providing the struggling smartphone maker with much-needed ...Validus Holdings, Ltd. Announces AlphaCat 2014, Ltd. SPV
Validus Holdings, Ltd. announced Wednesday that it has joined with other investors in capitalizing AlphaCat 2014, Ltd. and has fully deployed its capital. AlphaCat 2014 is a special purpose vehicle ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
Economic Losses from Europe’s December Windstorms Put at $2.25B
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, said that Windstorms Xaver and Dirk could combine to cause more than $2.25 billion in economic damages ...
U.S. Oil Output Poised to Reach 43-Year High in 2015
The U.S. Energy Information Administration said on Tuesday oil production in the United States will reach a 43-year high in 2015 as output grows from shale fields. The United States will produce 9.3 ...
Rotting Wood in New Homes Built After Katrina May Spark Legal Action
Actor Brad Pitt's Make It Right Foundation, which has built 100 energy-efficient new homes in the Hurricane Katrina-ravaged Lower 9th Ward in New Orleans, is considering legal action against the ...
The Results Are In: Agents Rate the Top 10 P/C Carriers
Compiling results of surveys of nearly 7,000 agents conducted over the course of 2013, a consulting firm published a list of the top-10 property/casualty carriers in January, with Sheboygan, ...RMS Conducts Risk Analysis for QBE’s $250M VenTerra Re Ltd. Cat Bond
Catastrophe modeler RMS announced Tuesday that the company conducted the risk analysis for a new catastrophe bond issued by VenTerra Re Ltd, a special purpose vehicle for investors. The bond, ...
Original Cheerios Going GMO-free
General Mills says some Cheerios made without genetically modified ingredients will start appearing on shelves soon. The Minneapolis-based company said Thursday that it has been manufacturing its ...