U.S.
Asbestos Losses Poised to Rise as Litigation Strategy Evolves
U.S. property/casualty net asbestos losses are holding steady at $85 million. But that number could change in the future due to some big-time litigation variables, A.M. Best said in a new special ...
Sony CEO: Insurance Will Completely Cover Cyber Attack Costs
Over the past seven weeks, Sony Pictures' chief executive has dealt with the fallout from a cyber attack he likens to having your house robbed and burned to the ground. But the devastating hack, he ...
FHA Actions May Force Private Mortgage Insurers to Cut Premiums
Private mortgage insurers in the United States may have to cut premiums to better compete with the Federal Housing Administration, which plans to reduce premiums in the government's latest attempt to ...
Job Growth Giving False Recovery Signal as Construction, Financial Sector Wages Lag
The U.S. economy added the largest number of jobs in 15 years in 2014, yet a surprising five-cent drop in average hourly earnings in December raises questions over whether a tightening labor market ...
S&P: Changes to New TRIA Law Could Harm Small Insurers
Standard & Poor's offered a note of caution this week about the reauthorization of the federal terrorism reinsurance program, warning that changes made by Congress to boost co-insurance and ...
Google Poised to Enter U.S. Auto Insurance Market: Report
Giant search engine Google, which already offers auto insurance online in the United Kingdom, could soon be selling auto insurance online in the U.S. Google Compare Auto Insurance Services Inc., its ...
2014 Natural Catastrophe Losses Well Below Average: Munich Re
Overall losses from natural catastrophes totaled $110 billion in 2014, down from $140 billion in 2013, due to a lack of severe catastrophes and a quiet North Atlantic hurricane season, according to a ...
Environmental Groups Sue EPA for Fracking Data
A coalition of advocacy groups sued the U.S. Environmental Protection Agency seeking access to information on toxic chemicals released by the energy industry through hydraulic fracturing, or ...