insurance News
Life After Brexit for UK Financial Sector: British Lawmakers Explore Options
British lawmakers launched an inquiry on Friday to determine if the country should track European Union rules or cut loose to best serve its financial sector after Brexit. Finance is Britain's ...
Regulators Clear California Utility of 2017 Wildfire Liability
As PG&E Corp. barreled toward bankruptcy last week, just one analyst kept a "buy" rating on the shares, largely on valuation. On Thursday, the stock surged by the most ever, rising 75 percent to ...
2018 Catastrophe Losses Faced 60 Percent Protection Gap: Aon
Economic costs of 2018's 394 natural catastrophe events came to $225 billion with insurance covering $90 billion of the overall total. The results reflect the fourth costliest year on record of ...
UK PM May Targets EU Concessions in Push to Break Brexit Deadlock
British Prime Minister Theresa May will try to break the deadlock over her Brexit plans on Monday by setting out proposals in parliament that are expected to focus on winning more concessions from ...
May’s UK Brexit Divorce Deal Fails by 230 Votes, No Confidence Vote to Follow
British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a ...
2018 Catastrophes Made ‘Muted Impact’ on Jan. 1 Renewals: Guy Carpenter
The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the fourth-highest annual catastrophe loss year on record did create questions over ...
Brexit Uncertainty Leads to Shrinking Demand for Britain’s Financial Sector
Uncertainty over Brexit and the economy have led demand for Britain's financial services to shrink for the first time in five years, with no immediate sign of an improvement, a survey by business ...
EU Seeks to Give Insurance, Other Finance Regulators More Post-Brexit Powers
The European Union moved a step closer on Thursday to beefing up its regulators to increase safeguards for consumers and create an EU capital market that reduces the bloc's reliance on Britain's ...