News
Is Travelers’ Price-Cutting a Sign Rate Increases Have Peaked?
Travelers Cos. Inc. said it would cut jobs and reduce prices of auto insurance, steps investors took as an indication that rates had risen too far and competition was increasing. The company's shares ...
Japan’s Entry Brings New Clout, Doubt to Trans-Pacific Trade Talks
Japan joined U.S.-led trade talks on Tuesday, adding its weight to a pact that covers two-fifths of the world economy but raising further doubt over whether negotiators can pry open sensitive sectors ...
Behind every commercial or residential property in a regional insurer’s portfolio are people relying on their carrier to remain resilient...
W.R. Berkley Rates, Profit Up; CEO Comments on Berkshire Specialty
W.R. Berkley Corp. reported $116 million net income for its 2013 second quarter, up more than 6 percent from $109 million net income posted one year ago. The net income for the first six months of ...
G-SII Designations Might Fuel Restructurings: S&P
New requirements that will be imposed on insurers that the Group of 20's Financial Stability Board has designated to be global systemically important insurers may motivate G-SII restructurings down ...
Sea Level Rise: New Iceberg Theory Points To Areas At Risk Of Rapid Disintegration
In events that could exacerbate sea level rise over the coming decades, stretches of ice on the coasts of Antarctica and Greenland are at risk of rapidly cracking apart and falling into the ocean, ...
AIR Worldwide Appoints Churney COO
Catastrophe modeling firm AIR Worldwide has appointed Bill Churney to the position of chief operating officer. Churney will have immediate responsibility for all product management, software product ...Travelers’ Q2 Profit Up Due to Continued Rate Hikes
Travelers Cos., the lone property/casualty insurer in the Dow Jones Industrial Average, said second-quarter profit climbed 85 percent as price increases helped improve margins. Net income increased ...
What Buffett’s Closing India Insurance Brokerage Says About India’s Potential
India has long been viewed as a value investor's dream: rapid growth, 1.2 billion people pining for a taste of globalization, and underdeveloped industries ripe for turnarounds. So it surprised few ...