North-South Korea Tensions, Cyber Threats Worry Insurers of Olympics February 9, 2018 By Suzanne Barlyn, Carolyn Cohn and Noor Zainab Hussain If South Korea’s Winter Olympics go off without a hitch this month, organizers will not be alone in toasting success....
UK Auto Insurer Direct Line Offers Tesla Drivers 5% Discount if They Use ‘Auto-Pilot’ December 4, 2017 By Noor Zainab Hussain Britain’s largest motor insurer Direct Line is offering Tesla Inc drivers in Britain a 5-percent discount for switching on the...
Puerto Rico Power Outage to Mean More Business Interruption Claims October 1, 2017 By Noor Zainab Hussain and Suzanne Barlyn Puerto Rico’s island-wide power outage will mean a surge in insurance claims for lost business income that will increase the...
Beazley Estimates $150M Earnings Hit From Hurricanes, Earthquakes September 29, 2017 By Noor Zainab Hussain Lloyd’s of London insurer Beazley said on Friday it reckoned that its losses from hurricanes Harvey, Irma and Maria in...
Insurers Adapt Terrorism Policies with Loss of Attraction, Violent Acts, Other Coverages June 15, 2017 By Carolyn Cohn, Noor Zainab Hussain and Suzanne Barlyn The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business...
Forecasters Lower Matthew Loss Estimates October 9, 2016 By Carolyn Cohn and Noor Zainab Hussain On Friday, a catastrophe modeling firm slashed its estimate for insurance losses from Hurricane Matthew on Friday, as the storm...
Could Hurricane Matthew’s Insured Losses Surpass Sandy’s? October 7, 2016 By Carolyn Cohn and Noor Zainab Hussain A hurricane threatening the first direct hit on the United States in more than a decade could cause insurance losses...
Deutsche Bank Sells Insurance Unit to Britain’s Phoenix Group September 28, 2016 By Noor Zainab Hussain and Arno Schuetze Deutsche Bank AG has sold its British insurance business Abbey Life to Phoenix Group Holdings as it sheds non-core assets...
Beazley to Get EU Licenses for Irish Reinsurance Business – After Brexit Vote July 22, 2016 By Esha Vaish and Noor Zainab Hussain Lloyd’s of London’s Beazley Plc is working to get European insurance licenses for its Irish reinsurance business to allow it...
Motor Insurers Need to Adapt to Ward Off Competition from Car Manufacturers July 20, 2016 By Carolyn Cohn and Noor Zainab Hussain As internet-connected and, eventually, driverless vehicles roll off production lines, traditional motor insurers need to adapt to ward off competition...