U.S.
Target’s Cyber Attack Fallout Cost $148M in Q2; $38M to Insurers
Target Corp., the retailer that chose a new chief executive officer last week, said second-quarter profit trailed its forecast as U.S. sales remained weak and its Canadian operations continued to ...
Hawaii Dodges Hurricane Bullet
Hawaii escaped its first hurricane strike in 22 years as Iselle was downgraded to a tropical storm just before making landfall at the Big Island. Iselle, bearing winds of 60 miles (96 kilometers) per ...
Every insurer evaluating property risk today is running the same math: more perils, more models, more data sources, and not...
Climate Change May Worsen Tornadoes- FSU study
Published this week in the journal Climate Dynamics, the study by Professor James Elsner says that although tornadoes are forming fewer days per year, they are forming at a greater density and ...
Two Massive Storms Threaten Hawaii’s Peak Tourist Season
A pair of storms bearing down on Hawaii threatens to bring rain, flash floods and mudslides to the island state during one of its peak months for tourism. Hurricane Iselle, with top winds of 90 miles ...
Liberty Mutual’s Q2 Net Income Hits Double-Digit Drop
Liberty Mutual Holding Co. Inc. and its subsidiaries reported net income of $393 million for the quarter ended June 30, 2014, down $55 million or 12.3 percent from the same period in 2013. Net ...
KPMG: More Insurance Execs Are Mulling M&A Activity
An increasing number of insurers are mulling M&A activity or strategic acquisitions of specific lines of business in the months ahead, a new KPMG report concluded. Concerns about new regulations ...
Wall Street Poll: No Fed Rate Hike Seen Before H2 2015
A majority of Wall Street's top bond firms see no move by the Federal Reserve to raise interest rates before the second half of next year, and most see the U.S. central bank sticking with a range ...
Vapor Tanks or E-Cigarette? Tank Sales Gain as ‘Vaping’ Becomes Trendy
The electronic cigarette, touted as a way to cut smoking, is facing a serious contender that even smokers find sexy. Vapor tanks are typically hunkier and allow smokers and would-be quitters to ...