Bloomberg

• Industry Reaction: Mayor Bloomberg’s $20B Plan to Shield NYC from Climate Change

  By Anya Khalamayzer, PropertyCasualty360.com  |  June 17, 2013

  New York City Mayor Michael Bloomberg announced an ambitious, multi-decade plan that would put $20 billion toward protecting the city against natural disasters caused by climate change.

• New York Lays Out $20B Plan to Adapt to Climate Change

  By Hilary Russ, Reuters  |  June 12, 2013

  New York Mayor Michael Bloomberg on Tuesday announced a $20 billion plan to prepare for rising sea levels and hotter summers expected as a result of climate change in the coming decades.

• The Gamut: "Bloomberg’s Spying Scandal and Cyber Liability"

  June 3, 2013

  How the recent scandal at Bloomberg (over spying on its clients) reflects the constantly changing nature of Cyber liability: Can this coverage hope to stay in step with the ever-evolving online landscape?

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  Bloomberg's Spying Scandal and Cyber-Liability

  By Bill Coffin  |  May 16, 2013

  The Bloomberg spying scandal shows that cyber-liability risk is evolving way faster than how we manage it.

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  Benmosche: AIG Has a 'Deep Bench'; Buffett: 'Full Bore' Into Commercial Insurance

  By Chad Hemenway, PropertyCasualty360.com  |  May 3, 2013

  AIG CEO Robert H. Benmosche says the company still has plenty of top performers after losing a quartet of executives to Berkshire Hathaway, where CEO Warren Buffett says he'd like to get into commercial insurance "very big time."

• FSOC to Meet; Nears Designation of Nonbank SiFi

  By Arthur D. Postal, PropertyCasualty360.com, Elizabeth D. Festa, PropertyCasualty360.com  |  April 24, 2013

  The Financial Stability Oversight Council will meet Thursday amid signs that the first designation of an insurer as systemically significant is imminent.

• FSOC Finalizing SIFI Designations; Former FDIC Chair Says Delays Show 'Lack of Spine'

  By Elizabeth Festa, PropertyCasualty360.com  |  March 4, 2013

  The Financial Stability Oversight Council is in the final stages of evaluating an initial set of nonbank financial companies for potential designation as SIFIs, or systemically important financial institutions, according to remarks made today by Mary Miller, U.S. Treasury Under Secretary for Domestic Finance.

• Highways and Byways

  By Ken Brownlee, CPCU  |  January 28, 2013

  Which states seem to be investing in their roads and highways while safeguarding those who navigate them?

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  Nelson Sticks to NAIC Script on Preservation of State System

  By Elizabeth Festa, PropertyCasualty360.com  |  January 23, 2013

  Ben Nelson echoed the sentiments of the National Association of Insurance Commissioners' leadership in his first public press conference as new CEO of the organization by casting the desired relationship with the federal government as one of a “partnership,” not one allowing incursion, pre-emption or even dual regulation.

• Chinese Group in Talks to Buy AIG Air Lease Arm

  By Michael Flaherty and Denny Thomas (Reuters)  |  December 7, 2012

  A group of Chinese companies, including the Industrial and Commercial Bank of China, is in talks to buy American International Group Inc's aircraft leasing unit for about $5.5 billion.

• Sandy Crashes Ashore

  By PC360 Staff  |  November 30, 2012

  Read the latest updates on NFIP borrowing concerns, infrastructure damage and auto claims arising from Superstorm Sandy.

• New York, New Jersey Put $71B Price Tag on Sandy

  By Hilary Russ, Reuters  |  November 27, 2012

  New York state and New Jersey need at least $71.3 billion to recover from the devastation wrought by Superstorm Sandy and prevent similar damage from future storms, according to their latest estimates.

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  Experts Contest Impact of Infrastructure Damage on Sandy Insured-Loss Estimates

  By Chad Hemenway, PropertyCasualty360.com  |  November 21, 2012

  While an analyst recently said infrastructure damage from Sandy could push losses above current estimates, industry experts say most infrastructure is not privately insured.

• Bloomberg to Close NYC Parks, Beaches as New Storm Approaches

  By Reuters  |  November 6, 2012

  New York City's parks and beaches will be closed at noon on Wednesday for at least 24 hours as a new storm system approaches just over a week after superstorm Sandy devastated the region with widespread flooding and wind damage, the mayor said on Tuesday.

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  Amid N.Y. Recovery, Cold Snap Hits; Nor'easter on the Way

  By Atossa Araxia Abrahamian, Reuters, Edith Honan, Reuters  |  November 5, 2012

  A housing crisis loomed in New York City as victims of superstorm Sandy struggled without heat in near-freezing temperatures on Sunday and nearly 1 million people in neighboring New Jersey shivered in the dark without power

• Penn State Pres. Says Insurance Has Role in Sandusky Victim Settlements

  By Chad Hemenway, PropertyCasualty360.com  |  September 19, 2012

  Pennsylvania State University President Rodney Erickson says the university plans to settle with the victims of Jerry Sandusky “in the near future.”