U.S.
U.S. P/C Insurance Groups: House NFIP Reform Bill Would Harm Private Flood Market
The U.S. P/C industry's major trade associations say they oppose several provisions in draft legislation that would revamp the National Flood Insurance Program. Their big worry: that the revamp as it ...
Electric Grid Faces New Potential Cyber Attack Threat
Two cyber security companies said they have uncovered a sophisticated piece of malicious software capable of causing power outages by ordering industrial computers to shut down electricity ...
Executives On The Move at Argo Group and Swiss Re
An ex-Chubb executive is now with Argo Group International Holdings Ltd., slated to lead its Latin America business. Swiss Re Corporate Solutions appointed an executive to lead its new office in ...
RMS Rolls Out Updated North America Earthquake Models
RMS has released a new version of its North American Earthquake Models for the United States, Canada and Mexico. The updated version 17.0 model will enable RMS clients to manage their risk ...
Charity Auction Lunch With Buffett Is a Bargain Compared to Last Year
A bidder pledged $2.68 million to a San Francisco charity in exchange for a lunch date with billionaire investor Warren Buffett. The winner of the online auction that concluded Friday on eBay Inc.'s ...
Autonomous Cargo Ships May Be Coming. What Are the Risks?
BHP Billiton Ltd., the world's biggest mining company, is studying the introduction of giant, automated cargo ships to carry everything from iron ore to coal as part of a strategic shift that may ...
Two Berkshire Hathaway Units Settle in California ‘Bait and Switch’ Insurance Probe
Two insurance units of Warren Buffett's Berkshire Hathaway Inc have agreed to lower their rates and provide more disclosures to settle claims that they overcharged small business owners in California ...
AmTrust to Sell National General Shares for $211.7 Million
AmTrust Financial Services agreed to sell more than 10 million shares it owns in National General Holdings Corp for $211.7 million, a move the specialty property/casualty insurance holding company ...