U.S.
Severe Floods Could Slam California Region With $24B in Damage: Lloyd’s of London
Severe flooding in an economically vital part of California's could cost more than $24 billion in damage, Lloyd's of London concludes in a new risk analysis of the state. What's more, climate change, ...
With IT Company Deal, Marsh Makes Play For U.S. Small Commercial Market
Marsh will be making strategic acquisition of an insurance technology services company with a focus on boosting its business in the U.S. small commercial market. The global insurance broker and risk ...
New EU Cyber Security Laws Affect Cisco, Google, Amazon and Others
Internet firms such as Cisco , Google and Amazon will be subject to a new EU cyber security law forcing them to adopt tough security measures and possibly report serious breaches to national ...
For Allianz, PIMCO Problems Overshadowed by Double-Digit Profit Growth
Allianz SE, Europe's biggest insurer, said second-quarter profit rose 15 percent as lower claims from natural catastrophes offset a drop in earnings at Pacific Investment Management Co. Net income ...
P/C Insurers Still Struggle to Attract Younger Employees: A.M. Best Survey
The property/casualty insurance industry is meeting its hiring needs, but still struggling to attract younger employees and overcome its stodgy reputation, A.M. Best determined in a new survey. ...
Uber Drivers Pursuing Employee Status Propose Streamlining Their Suit
Drivers suing Uber Technologies Inc. for better pay and benefits are proposing to pursue their group lawsuit in phases focused first on whether they qualify as employees. If they win that round, then ...
AIG Expands Its Use of ILS Financing Into Mortgage Insurance
American International Group disclosed that it is expanding its already robust use of insurance linked securities into its mortgage insurance business. To do this, AIG's mortgage arm – United ...
ACE Launches Info Website in UK & Ireland For Employer Liability Clients
Ace Group developed a new website designed to give its employer liability clients in the U.K. and Ireland access to a wide range of data and services. The property/casualty insurance giant frames the ...