Risk & Capital Management
Target’s Cyber Attack Fallout Cost $148M in Q2; $38M to Insurers
Target Corp., the retailer that chose a new chief executive officer last week, said second-quarter profit trailed its forecast as U.S. sales remained weak and its Canadian operations continued to ...
Allianz Profit Boost Fueled, in Part, by Fewer Natural Disaster Claims
Allianz SE, Europe's biggest insurer, said second-quarter profit rose 11 percent, helped by higher earnings at the life and health insurance unit and lower natural disaster claims. Net income ...
Investors Reward Zurich For Payout and Profit News
Zurich Insurance Group AG, Switzerland's biggest insurer, surged after saying it will distribute more than $3.5 billion in cash this year and operating profit climbed. The shares advanced as much as ...
Liberty Mutual’s Q2 Net Income Hits Double-Digit Drop
Liberty Mutual Holding Co. Inc. and its subsidiaries reported net income of $393 million for the quarter ended June 30, 2014, down $55 million or 12.3 percent from the same period in 2013. Net ...
Rhode Island’s Tobacco Debt Deal Draws Oppenheimer Lawsuit
Rhode Island's plan to sell $594 million in debt backed by tobacco-company payments was challenged by OppenheimerFunds Inc., which claims the deal violates the rights of current bondholders to ...
Assurant Names New Chief Investment Officer
Assurant Inc., an insurer of consumer electronics and foreclosed homes, promoted Eric Greenman to oversee a $16 billion investment portfolio. Greenman was named chief investment officer, effective ...
The Promise of Predictive Analytics in Commercial Lines
In "Predictive Modeling Pitfalls: When to Be Cautious," published by Carrier Management last month, Ira Robbin from AIG presents a compelling case for exhibiting care when developing and implementing ...
$100M Project to Prepare Vulnerable Regions for Climate-Related Disasters
The U.S. Agency for International Development and the Rockefeller Foundation are starting a $100 million project to prepare vulnerable communities for climate-caused humanitarian disasters before ...