Loss Control

Hurricane Paul weakened as it closed in on a sparsely populated area of Mexico's Baja peninsula on Tuesday, while Hurricane Rafael was expected to miss Bermuda in the Atlantic, the U.S. National Hurricane Center said.

USAA and Amica Mutual were the only 2 out of 12 insurers included in a recent report to score A or above for protecting clients information when payments are made online.

The low interest rate environment is increasing pressure on Allianz to cut costs because it undermines the insurer's ability to earn adequate returns on investment, Chief Financial Officer Oliver Baete said.

A private catastrophe bond has been listed on the Channel Islands Stock Exchange, the first time such a deal has been made fully tradable in the secondary market.

The market for catastrophe bonds has boomed in the past year and is likely to keep growing as investors search for higher returns.

The market for catastrophe bonds has boomed in the past year and is likely to keep growing as investors search for higher returns.