U.S.
New Madrid Earthquake Sequence Could Cost Insurers $150B: Swiss Re
A series of earthquakes similar to the New Madrid quakes of 1811/1812 could cost the insurance industry more than $150 billion, making it the costliest natural disaster to date, according to a new ...
Google Driverless Car Hit from Behind, Again
A Google driverless car was involved in the fleet's first collision to result in injury. One of Google's vehicles braked during a green light because of congestion, and the car behind hit it at 17 ...
Padgett Plaintiffs Ask Florida Supreme Court to Decide Workers Comp Constitutionality
A legal challenge to the constitutionality of Florida workers compensation system that was thrown out by a state appeals court may be headed to the Florida Supreme Court. The plaintiffs in the case ...
The Top P/C M&A Deals in 2015 (So Far)
ACE Ltd. shocked the industry with news earlier in July that it would pay $28 billion in cash and stock for Chubb Corp., an industry rival. But it's only the latest in a series of M&A moves in ...
Former Oppenheimer Exec Sentenced to Prison in Insurer-Sale Fraud
A former Oppenheimer & Co. Inc. executive was sentenced to almost two years in prison for his role in a fraud that prosecutors say led to the collapse of an Oklahoma insurance company. Allen ...
Boeing, Airbus Assessing Impact of Blast at U.S. Zodiac Aerospace Plant
A powerful blast at a Zodiac Aerospace factory in Washington state made some portions of the building unsafe to enter, raising concerns that the assembly of Boeing and Airbus aircraft could be ...
Allianz Exec Views Hedge Funds as Insurance Industry Asset
Chris Fischer Hirs, the head of Allianz SE's specialty insurance business, said he welcomes the growing participation of Wall Street in the insurance industry as an opportunity, not a threat. "Hedge ...
How Insurers Can Wield Social Media to Attract Millennial Customers
Bloomberg has reported that the rate of home ownership in the United States is at its lowest level in 20 years and the number of first-time buyers entering the market is at an almost 30-year low. The ...