U.S.
Emotional Amtrak CEO Pledges to Implement Track Safety Tech
An emotional Amtrak CEO pledged to lawmakers Tuesday that safety technology that could have prevented a deadly derailment last month in Philadelphia will be put into operation, while Democrats and ...
Bond Insurers May Prevent Revamp Extension for Puerto Rico Electric Utility
Puerto Rico's junk-rated electric utility, weeks away from owing a $416 million debt payment, is moving closer to a legal showdown as bond insurers consider blocking a move to give it more time to ...
Outgoing Flood Insurance Program Director Blasts Inefficiencies
The outgoing director of the National Flood Insurance Program (NFIP) says the program is a "melting iceberg" that is incapable of properly managing its various players including the private insurance ...
Insurers Now Able to Track Odometer Readings With Policyholders’ Smartphones
Property/casualty insurance information company Verisk Insurance Solutions is teaming with a technology firm to provide insurance companies with the ability to collect automobile odometer readings ...
EXOR Turns to SEC, Bermuda Lawsuit in Pursuit of PartnerRe
PartnerRe may be moving ahead on merger plans with AXIS Capital Holdings, but upstart bidder EXOR isn't going away quietly. The Italian investment firm disclosed that it is suing in a Bermuda court ...
Climate Change Not Yet Boosting Atlantic Hurricane Activity: Karen Clark & Co.
Climate change may be ongoing, but it doesn't seem to have any measurable effect so far on North Atlantic hurricanes that drive cat market losses. The future, however, could be much more risky. ...
ACE Launches Broad General Market Offering for Multinational Middle-Market Companies
ACE Group has launched a new insurance offering that combines domestic and international general liability coverages to create a single solution for global companies within the U.S. middle-market ...
The Hartford Seals Major League Baseball Sponsorship Deal
The Hartford sealed a multi-year sponsorship deal with Major League Baseball, becoming at least the second major carrier to do so in recent weeks. With the agreement in place, The Hartford is now an ...