Yelp Inc. and its executives have been accused in a lawsuit of selling more than $81 million in stock while deceiving shareholders about the quality of consumer reviews on its website. The proposed class action, which was filed in U.S. …
Hawaii escaped its first hurricane strike in 22 years as Iselle was downgraded to a tropical storm just before making landfall at the Big Island. Iselle, bearing winds of 60 miles (96 kilometers) per hour, was 80 miles south of …
Forecasters with the National Weather Service raised the likelihood for a below-normal season in their most recent Atlantic hurricane season outlook. The update predicts a 70 percent chance of a below-normal season, a 25 percent chance of a near-normal season …
According the catastrophe modeling firm AIR Worldwide, strong winds and heavy rainfall from Typhoon Halong have already arrived on Japan’s Daito Islands (about 320 km [200 miles] east of Okinawa), with reports of maximum sustained surface winds of approximately 139 …
International insurance brokerage and risk management firm Integro has announced its acquisition of Stonehouse Conseillers Ltd., “a London based specialist insurance broker servicing the needs of commercial film production companies and international advertising agencies.” Financial details of the transaction were …
Despite the economic upheavals the European insurance industry has maintained a path of stability and growth, even through times of crisis, according to figures released by Insurance Europe, the European insurance and reinsurance federation. The figures, which included data collected …
A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Catlin Insurance Company Limited (CICL) (Bermuda), Catlin Insurance Company (UK) Ltd. and Catlin Re Switzerland Ltd. Best also affirmed …
Allianz SE, Europe’s biggest insurer, said second-quarter profit rose 11 percent, helped by higher earnings at the life and health insurance unit and lower natural disaster claims. Net income increased to €1.76 billion ($2.35 billion) from €1.59 billion [$2.13 billion] …
The Bermuda-based Catlin Group Limited posted strong increases in pretax profits and net income. The Group’s report for the first half of 2014 featured the following highlights in what it described as “challenging market conditions:” – 118 percent increase in …
Insurance Noodle has launched an integrated facility for small financial firms across the United States, bringing together several markets via a single online access point. The Insurance Noodle proprietary technology platform simultaneously markets an account to all carriers and returns …
