A U.S. panel that reviews foreign investments for potential national security threats has approved China Oceanwide Holdings Group’s purchase of insurer Genworth Financial, the two companies said on Saturday. The United States in recent years has blocked many proposed Chinese …
When three-year-old West Cox’s fever hit 107 degrees, doctors called a helicopter. Hours earlier, the toddler, who’d been prescribed an antibiotic for a suspected ear infection, was at home in Princeton, West Virginia, watching cartoons and eating chips and salsa. …
XL Catlin’s has launched a new insurance product for companies with fleets of vehicles which could be used as a weapon in a terrorist attack. According to Mark Steddon, senior underwriter, Terrorism & Political Violence at XL Catlin, the use …
The share of American workers in the “gig economy” has shrunk since 2005, according to a government report that some data-watchers cautioned omits key parts of the picture. The Labor Department on Thursday said that 10.1 percent of American employees …
Four separate severe weather outbreaks swept across the United States during the month of May, which led to extensive hail, wind damage and flash flooding, according to Impact Forecasting, Aon Benfield’s catastrophe model development team’s latest monthly Global Catastrophe Recap …
Want to book plane tickets? Order a pizza for dinner? Check available university courses? Write a note to Aunt Sally? Chances are you’re going to need a smartphone (or laptop or desktop or smartwatch or Amazon Echo personal assistant…) for …
Global commercial property/casualty insurance premiums were worth approximately $730 billion in 2017 and by 2021 will rise to almost $900 billion. U.S. commercial P/C insurance premiums were worth $274.5 billion in 2017 and are forecast to rise to $331.5 billion …
Break out the galoshes. The projected increase in high tide flooding in 2018 may be as much as 60 percent higher across U.S. coastlines compared to typical flooding about 20 years ago, according to scientists at the National Oceanic and …
As the largest U.S. insurers gathered at the Marriott Marquis hotel in Times Square to discuss the prospects for their industry, a threat to that future emerged from the nation’s other coast. Amazon.com Inc., the e-commerce behemoth, is reportedly considering …
U.S. insurer AmTrust Financial Services Inc. on Thursday agreed to be acquired by a group of investors for a sweetened $2.95 billion deal that also helped secure the support of dissenting shareholder Carl Icahn. Evergreen Parent, an entity formed by …
