Underwriting & Pricing
U.S. Terror Risk Undiminished As Terror Groups Multiply: Senator
The risk of a terrorist attack against the U.S. hasn't diminished as groups affiliated with al- Qaeda have proliferated and are developing explosive devices designed to elude detection, Senator ...
Easing of Iranian Oil Ship Insurance Sanctions Likely Months Away
A pledge by world powers to ease ship insurance sanctions on some Iranian oil exports is likely to take months to come into effect due to complex law and regulation and to insurers' unease over ...
Zurich P/C Chief Kerner Sees ‘Dramatic’ Cyber Attack in Near Future
Michael Kerner, who oversees property-casualty coverage at Zurich Insurance Group AG, said computer threats are escalating and may soon cause "dramatic" disruptions for businesses and individuals. ...
Generali CEO Greco Eyes Extra Cost Cuts to Boost Capital
Assicurazioni Generali SpA, Europe's third-largest insurer, plans to cut an extra 150 million euros ($204 million) of costs by 2015 and reduce debt to boost profit and strengthen capital. The company ...
Asteroids Pose Serious Threat But Should Be Manageable
On Feb. 15, a 13,000-ton rock plunged through the skies above Chelyabinsk, Russia. It shone 30 times brighter than the sun, and hurtled at 42,000 miles per hour toward a city of more than a million ...
Efforts to Delay Flood Insurance Rate Hikes Floundering
Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill. The leaders of the House Financial Services Committee say ...
Google’s Schmidt: Insurance About to ‘Explode’ With Uses for Big Data
Google Inc. Executive Chairman Eric Schmidt said new technologies that help companies analyze vast amounts of digital information have the power to bring change to the insurance, health-care and ...
Consumer Bureau Hands Title Insurers Win Over Mortgage Disclosure Rule
A U.S. rule that would have wrapped title insurance into the total costs listed on a simplified mortgage-disclosure form was dropped by the Consumer Financial Protection Bureau after industry ...