Risk & Capital Management
Forecasters Humbled, Insurers Relieved by Quiet Atlantic Hurricane Season
The 2013 Atlantic hurricane season is humbling forecasters by shaping up as the first in almost two decades without a major storm, confounding predictions that it would be more active than normal. ...
UN Report: Global Warming Has Slowed; Sea Levels to Rise More Quickly
Global warming has slowed since 1998 even though humans spewing ever more greenhouse gases are almost certainly to blame for damaging the atmosphere. That's according to a 36-page summary of a report ...Industries Look to UN Report for Guidance on Climate Risks
Companies increasingly factor extreme weather into their strategic planning and a report from the United Nations due on Friday is expected to underscore the heightened risks they face. Extreme ...
AIG Sells $1 Billion of 10-Year Bonds as Corporate Yields Drop
American International Group Inc., the insurer that paid back a $182.3 billion bailout package last year, sold $1 billion of 10-year notes as corporate bond yields fell to a six-week low. The New ...
AIG Said to Plan $1 Billion Sale of 10-Year Unsecured Bonds
American International Group Inc., the insurer that paid back a $182.3 billion bailout package last year, is planning a $1 billion sale of 10-year notes. The New-York based company may issue senior ...
What Rising U.S. Boat Sales Say About the Economy: EcoPulse
More Americans took to the water in new boats this summer, often buying smaller, less expensive models, as the industry is showing signs of a recovery. Purchases of powerboats -- which include ...
Goldman, Regulator See Demand for Canada’s Insurers to Sell Cat Bonds
Canada's banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters such as the record floods that inundated swathes of downtown Calgary in ...
RRG Gets Downgrade; A.M. Best Pushes Indemnity Ins Corp RRG Rating to B
A.M. Best Co. said Tuesday that it downgraded the financial strength rating of Indemnity Insurance Corporation, RRG to B (Fair) from A- (Excellent). Best also downgraded the RRG's issuer credit ...