News
Hannover Re Sees Rate Hikes in Germany, Stable Rates Elsewhere
Hannover Re, the world's third- largest reinsurer, said it expects higher rates for insurance and reinsurance in Germany following this year's flooding and hailstorms, which led to the most costly ...
Supreme Court Denies Privacy Claim, Allows Commercial Resale of Driver Records
The U.S. Supreme Court on Monday declined to consider whether a unit of Thomson Reuters Corp. can obtain and sell information on drivers provided by state agencies without violating a federal privacy ...
Behind every commercial or residential property in a regional insurer’s portfolio are people relying on their carrier to remain resilient...
Treasury Seeks Financial Risk Management Officer for Federal Programs
The U.S. Treasury Department wants to hire someone to help manage risks and protect against losses on federal programs, according to an internal memo. The Treasury intends to create the job of chief ...
Soros-Backed Insurer Essent Seeks $1.2 Billion Valuation in IPO
Essent Group Ltd., the mortgage insurer backed by George Soros and Goldman Sachs Group Inc., is seeking a valuation of $1.2 billion in an initial public offering as the company adds capital to expand ...
Usage-Based Products On Way to Being Standard Auto Insurance Offering
Technology is spurring innovation and altering risk scenarios throughout the economy including in auto insurance. While advanced auto safety features, the shared economy and driverless cars promise ...
Munich Re Seeking Rate Hikes Due to Flood, Hailstorms in Germany
Munich Re, the world's biggest reinsurer, said rates in Germany need to rise following this year's floods and hailstorms. "It just took another 10 years to see another centennial flood in Germany," ...
N.Y. Fed Reserve Chief: Living Wills Not Enough to Fix Too Big to Fail
Reserve Bank of New York President William C. Dudley said that government plans to wind down large financial firms, while helping reduce the odds of a taxpayer bailout, don't eliminate the need for ...
Prudential Gives Up Fight Over Systemic Risk Designation, Increased Regulation
Prudential Financial Inc., the second-largest U.S. life insurer, abandoned its challenge to a U.S. designation from a Treasury Department panel that subjects the company to increased regulatory ...