insurance News
Zurich’s Ratings Stay the Same Despite Projected Q4 Losses: A.M. Best
Zurich Insurance Co. Ltd.'s financial strength rating of A+ (Superior) and issuer credit rating of "aa-" remain unchanged, following preliminary news of more losses to come in the insurer's general ...
Marine Insurer Caution Will Slow Oil Tanker Market’s Return to Iran
Foreign oil tanker owners are expected to make a slow return to Iran despite the lifting of many sanctions as insurers tread carefully, leaving shipping players unwilling to pick up cargoes as ...
Icahn Ups Pressure on AIG CEO Hancock in Advance of ‘Vision’ Presentation
Activist investor Carl Icahn, who's pushing American International Group Inc. Chief Executive Officer Peter Hancock to shrink the insurer and boost returns, said the CEO's presentation next week on ...
Argo Group Fills Exec Slots With AIG Vet and Ex-Insurance Regulator
Argo Group International Holdings, Ltd. has turned to an AIG veteran and a former New York insurance regulator to fill two key positions at the specialty insurer/reinsurer. Argo said Frank Mike-Mayer ...
Chinese Insurer Scored Using Drones to Analyze Tianjin Explosion
When an explosion devastated parts of China's Tianjin port in August, one insurance company turned to Chinese-made drones to help analyze the rubble and estimate the damages. Comparing satellite ...
Climate-Change Deal Includes Insurance Provision, Avoids Liability and Compensation
The world's nations took the boldest steps yet to stem climate change, adopting an historic package of measures to limit fossil-fuel pollution and establish a mechanism to step up the reductions for ...
Updated: Venezuela Volatility Hurt Liberty Mutual’s Q3
Liberty Mutual Holding Company continued to deal with the volatile Venezuelan market during the 2015 third quarter, from which it is pulling back. It also faced some energy related losses during that ...
‘Monster’ El Nino Could Produce More and Stronger Events Over Next Decade
In Buffalo, it hasn't snowed yet this year. A Duluth, Minnesota, newspaper reported that the temperature was 40 degrees above zero, not below. And in Miami, beachgoers are staying indoors during ...