The third day of the International Insurance Society’s Annual Seminar was an all-day session devoted entirely to the threat posed by climate change, the studies of its risks and the solutions available to face them. While the re/insurance industry is …
Tropical Storm Arthur is forecast to strengthen into a hurricane within two days and threaten North Carolina’s Outer Banks, where tourists are visiting for the Fourth of July holiday, while also adding to heavy rain in New York. The storm …
The U.S. Supreme Court will use a case involving United Parcel Service Inc. to decide whether pregnant employees can be denied accommodations such as light duty when other workers with disabilities receive them. The court said it will hear an …
A man convicted of misdemeanor drunk driving is asking the Mississippi Supreme Court if law enforcement, acting on a tip, can lawfully pulled him over. Carl Richard Cook argues an anonymous tip was the only reason he was stopped by …
The U.S. Export-Import Bank, derided by conservative critics as an expensive boondoggle, may win a reprieve from what looked like almost certain death in Congress if enough Republicans can be persuaded to let it live on, but with its wings …
General Motors Co., the largest U.S. automaker, said one person died and eight people were taken to the hospital after a “small” chemical explosion at a factory near Fort Wayne, Indiana. Emergency officials received a call at about 1:50 p.m. …
GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/NFA/SIPC, announced the placement of Floating Rate CCRIF Catastrophe-Linked Capital at Risk Notes, with notional principal of $30,000,000, issued by the International Bank for Reconstruction and …
Bermuda-based Catalina Holdings announced that, following receipt of regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA), it has completed its reinsurance transaction with Delta Lloyd under which a portfolio of marine insurance liabilities in run off will be …
Shares in NN Group, the insurance arm of Dutch financial services company ING Group, rose more than 5 percent on their stock market debut on Wednesday, in what was set to be Europe’s largest stock flotation so far this year. …
Reinsurance prices fell by as much as 25 percent in key markets mid-year as pension funds poured in money and demand for cover from insurance companies remained subdued, brokers said on Tuesday. Reinsurers have been negotiating with insurance company clients …
