U.S.
Reinsurers Successfully Protect Themselves With Strong Enterprise Risk Management: S&P
The reinsurance sector's focus on strong enterprise risk management (ERM) frameworks is helping them weather the many headwinds hitting both the asset and liability sides of their balance sheets, ...
Chubb Division May Sue Over Tesla Autopilot Crash
A Texas man said the Autopilot mode on his Tesla Model S sent him off the road and into a guardrail, bloodying his nose and shaking his confidence in the technology. He doesn't plan to sue the ...
Southwest U.S. Methane Hot Spots Come From Natural Gas Leaks, Scientists Report
A puzzling concentration of the greenhouse gas methane over the Southwestern United States appears to come mostly from leaks in natural gas production, scientists said Monday. Researchers identified ...
How a Solar Storm Almost Sparked a Nuclear War
A solar storm that jammed radar and radio communications at the height of the Cold War could have led to a disastrous military conflict if not for the U.S. Air Force's budding efforts to monitor the ...
Natural Catastrophes Created $31B in Global Insured Losses Through H1: Swiss Re’s Sigma
Global insured losses from natural catastrophes and man-made disasters during the first half of 2016 reached US$31 billion, or 44 percent of total economic losses of US$71 billion, according to a ...
Carl Icahn is Pleased. Can AIG CEO Peter Hancock Exhale Now?
Carl Icahn, who won representation to the board of American International Group Inc. after threatening a proxy battle, said he's warming to the approach of the insurer's chief executive officer. " ...
Reinsurers Risk Profits if Normal Catastrophe Levels Return: S&P
Most global reinsurers have been able to maintain underwriting discipline despite the ongoing soft market, but there is a danger that their profits could be hit if the current benign period of ...
Big Oil Faces $100B Risk From Louisiana’s Sinking Coast
From 5,000 feet up, it's difficult to make out where Louisiana's coastline used to be. But follow the skeletal remains of decades-old oil canals, and you get an idea. Once, these lanes sliced through ...