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Many of the ills of the modern worldstarvation, poverty, flooding, heat waves, droughts, war and diseaseare likely to worsen as the world warms from man-made climate change, a leaked draft of an international scientific report forecasts.
Insurers will have to pay out up to $1.75 billion in claims after the storm that swept through northern Europe in late October, broker Willis Re estimates.
Zurich Insurance said on Monday its finance chief Pierre Wauthier was not subjected to "undue pressure" before he committed suicide and its chairman admitted he was unable to explain the motivation for his tragic decision.
Previously, you said you felt the greatest challenges to surplus lines in 2013 lie in the standard markets ability to enforce discipline in pricing, terms and conditions, but that discipline has not always prevailed. Do you think it has this year? What are the results that youve seen?
American International Group president and CEO Robert H. Benmosche has tried to tamp down expectations AIG set for 2015 when it offered stock to the public again in May 2011.
Billionaire Warren Buffetts Berkshire Hathaway Inc. has more than a few problems with Scripps News reporter Mark Greenblatts recent story on the way subsidiaries of Berkshire handle asbestos claims.
As the anniversary of Superstorm Sandys Oct. 29, 2012 landfall passes, New Jersey lawmakers are rightly considering whether New Jersey law offers sufficient protection to insurance policyholders subject to undue delay, underpayment or unjustified denial of their insurance claims.
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