Bermuda Insurance Industry Expected to Grow by 10.3% Annually Until 2019 July 14, 2016 The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent...
New Jersey Tax Breaks Could Lure Marsh, Other Financial Firms to Wall Street West July 14, 2016 By Elise Young New Jersey is offering almost $200 million in incentives over 10 years to insurance, technology and financial companies to operate...
Insurers Applaud FAA Reauthorization Provision on Drone Use in Disasters July 14, 2016 Insurers could soon be able to deploy drones for speedier response to natural disasters under a provision in legislation reauthorizing...
Insurers Lose Bid to Dismiss Suit Over Bear Stearns Financial Crisis Settlement Costs July 14, 2016 By Chris Dolmetsch, Bloomberg A decade ago, Bear Stearns Cos. agreed to pay $250 million to resolve regulators’ claims that it was at the...
Climate Change Exposes U.S. Infrastructure to Natural Hazards, Rand Corp. Says July 14, 2016 By Don Jergler Editor’s note: This is the first of a two-part column. A follow up column will focus on how catastrophe modelers...
Negative Interest Rates Described as ‘Dirt Sandwich’ for Insurers, Asset Managers July 14, 2016 By Katherine Chiglinsky Central bankers globally need to realize the risks that extreme monetary policies will backfire, according to Voya Financial Inc.’s Karyn...
XL Estimates Q2 Cats to Cost $240M, Led by Alberta Wildfires July 14, 2016 By Agnel Philip XL Group Plc, the insurer that expanded last year with the purchase of Catlin Group Ltd., said second-quarter catastrophe costs...
A.M. Best’s ‘A-‘ Rating Not as Good as It Seems: Fitch July 14, 2016 Fitch Ratings this week warned that users of insurance ratings from four large credit rating agencies (CRAs) fail to understand...
Isn’t It Ironic: Lightning Destroys Lightning RV Supply Warehouse in Florida July 14, 2016 The owner of Lightning RV Supply company says he can’t believe the irony after his southwest Florida warehouse was destroyed...
Alabama Police Looking for Suspects in Gun Store Theft July 14, 2016 Police in Tuscaloosa say several young men broke into a gun store and stole between 10 and 30 guns. Police...