U.S.
A Cautious Approach to Cyber Risk Can Help Insurers Protect Their Ratings: Fitch
The influence of cyber risk on insurer ratings is likely to be neutral or gradual as long as insurers continue take a cautious approach to the business, according to Fitch Ratings. At its recent ...
China’s Ping An Insurance Is Now Second to Berkshire Hathaway in Terms of Market Value
A surge in Ping An Insurance (Group) Co.'s shares this year has made it the world's second-largest insurer by market value behind only Berkshire Hathaway Inc. And the rally may not be done yet. ...
21st Century Fox Reaches $90M Settlement in Sexual Harassment Shareholder Claims
Twenty-First Century Fox Inc has reached a $90 million settlement of shareholder claims arising from the sexual harassment scandal at its Fox News Channel, which cost the jobs of longtime news chief ...
The Latest Launches From Palomar Specialty, Pen Underwriting/QBE and Starr Companies
Palomar Specialty Insurance Company expanded its residential earthquake insurance product into several new states. Pen Underwriting extended its strategic relationship with QBE into the Republic of ...
USAA Among Backers of Flo, a Home Water Damage Prevention Startup
Flo Technologies has unveiled Flo, an intelligent home water monitoring and conservation system that promises to help reduce water damage insurance claims. The startup has raised a total of $11.5 ...
Reinsurers’ Hurricane, Quake Losses Could Hit $25B: A.M. Best
Cumulative net catastrophe losses for reinsurance companies from Hurricanes Harvey, Irma and Maria, along with the Mexico earthquakes, are between $20 billion-$25 billion out of an overall industry ...
Takata Corp. Slow to Repair Defective Air Bags in U.S. Vehicles
Nearly two-thirds of the U.S. vehicles containing defective air bag inflators made by Takata Corp. remain unrepaired as automakers have made varying degrees of progress addressing the largest auto ...
California Wildfire Insured Losses Might Surpass $10B: AIR Worldwide
Insured loss estimates are coming in for the fall's historic California wildfires, and they're substantial. Catastrophe modeling firm AIR Worldwide said it estimates insured losses from the fires ...