P/C Insurers Face Tough Sledding in 2016, Warns S&P July 26, 2016 This year could be a tough one for U.S. property/casualty insurers as catastrophe losses, private passenger insurance woes and declining...
National Interstate Accepts $660M Buyout by American Financial July 26, 2016 By Agnel Philip National Interstate Corp., the provider of insurance to the transportation industry, accepted majority-owner American Financial Group Inc.’s sweetened bid of...
Everest Re Selling Crop Insurer Heartland to CGB July 26, 2016 Bermuda’s Everest Re Group is selling its U.S. crop insurance company, Heartland Crop Insurance Inc., to CGB Diversified Services Inc.,...
Catalina to Buy Hartford Financial Products International & Downlands Liability Management July 26, 2016 (Editor’s Note: The original version of this article published yesterday, July 26, omitted “International” from the headline “Catalina to Buy...
Judge Hits Uber’s Background Check on Passenger Bringing Price-Fixing Suit July 26, 2016 By Jonathan Stempel A federal judge on Monday banned Uber Technologies Inc. and its Chief Executive Travis Kalanick from using information from a...
How Brexit Raises Risk of Financial Instability for U.S. July 26, 2016 The U.S. financial system faces greater potential instability due to Britain’s decision to leave the European Union while low and...
Everest Re Group Reports Q2 Net Income of $155.7M vs. $209.1M in Q2 2015 July 26, 2016 Bermuda-based Everest Re Group Ltd. reported second quarter 2016 net income of $155.7 million, or $3.67 per diluted common share,...
Pen Underwriting Names Scott as Head of Cyber Liability, Driving Cyber Growth July 26, 2016 Pen Underwriting announced that Adrian Scott has been appointed to the newly created role of head of Cyber Liability. Scott...
Ship Hits Wall of Newly Expanded Panama Canal in 3rd Incident in a Month July 26, 2016 By Liz Hampton and Marianna Parraga A Chinese container ship hit a wall of the new lane of the Panama Canal, a Canal Authority official and...
AIR Worldwide Expands Global Pandemic Model to Include 6 Additional Diseases July 26, 2016 Boston-based catastrophe risk modeling firm AIR Worldwide (AIR) announced it has expanded its Global Pandemic Model to include outbreaks of...