Insurer MetLife said it is exploring ways to fight the U.S. government’s proposal on Thursday to deem it “systemically important” and subject it to stronger regulatory oversight. MetLife is the third insurer to be tapped for such a designation, which …
A U.S. judge’s watershed ruling means the final cost to BP Plc for the 2010 Gulf oil spill may eclipse $50 billion, wiping out years of profits and highlighting the risks of drilling as the industry pushes into more dangerous …
The HealthCare.gov website that had an error-plagued debut last year was hacked in July, although no personal data appear to have been taken, according to the U.S. Centers for Medicare and Medicaid Services. The attack, discovered Aug. 25 and disclosed …
Consumers as well as commercial fleet managers are becoming more accepting of usage-based insurance (UBI) in which a telematics device is used to track driving behavior as safety and savings benefits appear to be trumping concerns over privacy. Personal auto …
Tougher laws have led to a decline in boating accidents and incident-related fatalities in Georgia for a second straight year, but not all the numbers are promising. Boating under the influence citations are up, and there’s been a significant uptick …
Guy Carpenter & Company, LLC, the global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Companies, announced the launch of its new probabilistic hail model for Europe. The bulletin said the “G-CAT® Hail Model features a …
Hub International Limited announced that its Ontario subsidiary, Hub International Sinclair Cockburn Limited, has acquired a commercial line book of business from independent broker Lisa Cook. Terms of the acquisition were not disclosed. “Cook will join Hub’s Markham, Ontario office …
For the banks, insurers and fund managers that thrived and survived in Edinburgh through war and recession for two centuries, a whole new challenge is looming. Royal Bank of Scotland Group Plc and Standard Life Plc might find themselves based …
Scientists seeking to put seismic sensors deep in the San Andreas fault to study the mechanics of earthquakes are in danger of losing their funding, a newspaper reported. The National Science Foundation has said it is no longer soliciting proposals …
Oregon’s tough wildfire season has pushed spending to the point the state Department of Forest is tapping its special insurance policy for the second year in a row. The Bulletin reported that state wildfire costs exceeded the $20 million deductible …
