NEW YORK, Dec 19- Even as the Sony Corp cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not always easy to get. While high-profile attacks at retailers such as Target Corp and Home Depot Inc this year have spooked consumers, the devastating...» Read More
LONDON, Oct 28- British insurance broker Aon has launched Ebola liability cover for hospitals and other health care institutions, the company said on Tuesday. "There are several areas where there has not been certainty about coverage for Ebola," Gigi Norris, managing director of Aon Risk Solutions' Western Region Health Care Practice, said. The policy has been...
British broker Miller Insurance Services LLP said the product it created with U.S. broker William Gallagher Associates would also protect hospitals against any potential losses to revenue in the aftermath of a quarantine. The news comes as U.S. health officials said they were monitoring 16 people in Ohio, including one in quarantine, who had close contact...
Oct 10- Willis North America, a unit of global risk adviser Willis Group Holdings, appointed Mary Davis as vice president and client advocate in its national senior living practice. She joins from insurance brokerage Lockton Cos, where she was vice president. Davis will report to John Atkinson, managing partner, Willis North America.
Japan's government will increase the inheritance tax rate in January, while tax relief measures on gifting will be expanded.
NEW YORK, July 17- Insurance on the Malaysian airliner brought down over Ukraine is likely to pay out relatively quickly if the cause of the crash is determined, but observers say insurance for the loss of 298 lives and other liability could be complex and lengthy.
With hurricane season just around the corner, extreme weather outbreaks may put disaster preparedness and recovery plans to the test.
American International Group delivered quarterly revenue that missed analysts' expectations on Monday.
American International Group posted earnings excluding items of $1.15 per share on revenue of $8.62 billion, beating Wall Street estimates.
Obamacare is about to be put to its biggest test: how many uninsured will enroll? Surprisingly, much of its success rests in brokers' hands.
Wendy Liu, China Equity Research at Nomura expects Chinese equities will continue to climb higher between now and November.
Dieter Wemmer, CFO of Europe¿s largest insurer, Allianz SE, tells CNBC that the company has drafted a their business model well to succeed in a low growth European environment.
Hank Greenberg, the former head of insurance giant AIG, tells CNBC about building AIG from a small domestic insurance company into the mammoth global player that it became.
Bond insurer MBIA and Bank of America have reached a settlement in an ongoing legal dispute, and BofA will pay MBIA $1.6 billion, the companies said on Monday.
Insurers know that extreme weather has become the new normal but a new survey says that many firms are not prepared for future super storms.
Whether your car insurance carrier charges you more depends on your age, recent driving record and even your credit score. Here's what you should know.
Christmas gifts like trampolines, treehouse kits and certain breeds of puppies will please the kids, but cause homeowner's insurance agents to cringe.
As more people in China get wealthier, many are looking for ways to better protect their health and belongings. CNBC's Eunice Yoon takes a look at the state of insurance in China.
Allstate Chairman, President & CEO Thomas Wilson, discusses his take on the fiscal cliff negotiations, and the $1.1 billion costs his company faces after Hurricane Sandy.
U.K. insurance group Lloyd’s of London, which comprises nearly 90 syndicates, reported an interim profit of 1.53 billion pounds ($2.48 billion) for the first six months of the year after a lack of major claims from natural catastrophes.
These are critical moments for the company. The $440 million trading loss they announced this morning likely wiped out all the cash on the balance sheet, and they need cash to keep the company running.