U.S.
Buffett’s Charity Lunch Auction Draws Winning Bid of $1 Million
Warren Buffett's annual lunch auction, a fundraiser for San Francisco's Glide Foundation, raised about $1 million, the lowest amount in six years. The event drew 106 bids from 8 people as it ...
Top Five States Ranked By Insurable Coastal Value: AIR Worldwide
More than $10 trillion is at risk for residential and commerical properties located in the more than 100 coastal counties of 18 states along the Eastern and Gulf coasts, according to a recent report ...
When MGAs manage a high volume of insurance submissions, underwriting speed often depends on what happens before an underwriter ever...
La Niña More Likely Than El Niño in Northern Summer: Forecaster
The U.S. government weather forecaster on Thursday predicted that extreme conditions are unlikely through the Northern Hemisphere summer, with the La Niña pattern more likely to develop than its ...
Fed’s Plosser Favors Too-Big-To-Fail Firms Holding More Capital
Federal Reserve Bank of Philadelphia President Charles Plosser called for the largest financial institutions to hold more capital to help prevent a repeat of the recent financial crisis, and renewed ...
Pension Funds Investing in Cat Bonds Overlook Risk: Gen Re’s Montross
Berkshire Hathaway Inc.'s Franklin "Tad" Montross said pension funds that increased bets on catastrophe bonds to improve investment returns may flee the market after a major natural disaster. ...
May’s Weather Caused Billions in Losses in U.S., Around the Globe: Aon Benfield
Severe weather in May caused an estimated $4 billion in insured damage, and almost twice that in economic losses, in the U.S. alone and billions more in economic losses around the globe, according to ...
Commercial Insurance Rates Up 5% for 3d Month: MarketScout
The average composite rate for commercial property/casualty insurance in the U.S. was up five percent for May 2013. This marks the third month in a row for a five percent increase, according to ...Arch Capital Wins Approval on Revised PMI Deal
Arch Capital Group Ltd., the insurer that struck a deal to buy assets from mortgage guarantor PMI Mortgage Insurance Co., said it has won approval from Fannie Mae and Freddie Mac, the seller's ...