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21
08, 2015
EU Seeking to Cut Minimum Risk Weighting on Simple Securitizations
The European Commission is seeking to cut the minimum risk weight on securitizations that qualify as simple and transparent to 10 percent to help jump-start the bloc’s capital markets. The 5 percentage-point reduction in the risk weighting for securities backed …
The article EU Seeking to Cut Minimum Risk Weighting on Simple Securitizations appeared first on Insurance Journal.
21
08, 2015
Insurers Unlikely to Be Impaired by Claims From Tianjin Port Explosion: S&P
Insurers are unlikely to be impaired by the loss claims from the explosions in the Chinese Port of Tianjin last week, according to a report from Standard & Poor’s. “Based on our initial investigation, we expect most of the affected …
The article Insurers Unlikely to Be Impaired by Claims From Tianjin Port Explosion: S&P appeared first on Insurance Journal.
20
08, 2015
Willis Completes Acquisition of Australia’s CKA Risk Solutions
Willis Australia, part of Willis Group Holdings plc, announced the completion of its acquisition of CKA Risk Solutions. The announcement noted that “CKA is a leading independent broker based in Perth with a strong focus on medium to large-sized corporates, …
The article Willis Completes Acquisition of Australia’s CKA Risk Solutions appeared first on Insurance Journal.
20
08, 2015
Drone Growth Threatened by Cyber, Human Error, Privacy Concerns: Lloyd’s Report
“Cyber-attacks, reckless pilots and privacy breaches are fundamental threats to the drone industry.” That’s the overall conclusion of a new report published by Lloyd’s, entitled “Drones Take Flight.” The report describes the “drones sector” as a”dynamic and important component of …
The article Drone Growth Threatened by Cyber, Human Error, Privacy Concerns: Lloyd’s Report appeared first on Insurance Journal.
20
08, 2015
A.M. Places 2 Chinese Insurers’ Ratings Under Review After Tianjin Blast
As a result of losses resulting from the recent explosions at Tianjin port, A.M. Best has placed under review with negative implications the financial strength rating of two Chinese insurers, which have large exposures to the losses of their motor vehicle …
The article A.M. Places 2 Chinese Insurers’ Ratings Under Review After Tianjin Blast appeared first on Insurance Journal.
20
08, 2015
Lawsuit Presses Costco Liability for Thailand Fishing’s Slave Labor
Costco Wholesale Corp. was sued for selling farmed shrimp from Thailand, where slave labor and human trafficking in the fishing industry are widespread, and allegedly misleading U.S. consumers about it. A California woman filed what may be the first such …
The article Lawsuit Presses Costco Liability for Thailand Fishing’s Slave Labor appeared first on Insurance Journal.
20
08, 2015
New U.S. Satellite Aims to Unlock Mysteries of Hurricanes
Hurricanes hold lots of secrets. Unlocking them can help forecasters predict the next steps the deadly storms will take. That, in turn, will help improve computer forecast models and give meteorologists a better understanding of each system. As the forecasting …
The article New U.S. Satellite Aims to Unlock Mysteries of Hurricanes appeared first on Insurance Journal.
20
08, 2015
ACE Commercial Expands Small Business Specialty Offerings Online
ACE Commercial Risk Services (ACE CRS) announced several new products that expand its suite of specialty commercial products for small businesses. The products are available through ACE Solutions Fast Track, an online small business underwriting and quoting platform. The new products and …
The article ACE Commercial Expands Small Business Specialty Offerings Online appeared first on Insurance Journal.
19
08, 2015
Uber Headache if More Drivers Want Full-Time Status
Thousands of new full-time workers would spring into existence if Uber is forced to stop treating some of its drivers like contract workers, and the benefits that come with that employee status may entice part-time rideshare drivers to beef up their …
The article Uber Headache if More Drivers Want Full-Time Status appeared first on Insurance Journal.
19
08, 2015
Illinois Agencies AAdvantage Insurance, Premier Insurance Merge
AAdvantage Insurance Group in Glen Carbon, Ill., led by founder Dave Viox, recently announced a merger with Premier Insurance Associates located in Edwardsville, Ill. Vince and Deb Valesano, former owners of Premier Insurance Associates, will also join AAdvantage Insurance Group. …
The article Illinois Agencies AAdvantage Insurance, Premier Insurance Merge appeared first on Insurance Journal.