US & Canada

Wildfires in California, CA

American insurers enter the firefighting business

Climate change is forcing American insurance companies to enter the firefighting business. Chubb, in particular, operates its own fire brigade called Wildfire Defense Services. The...
CVS Health takes over Aetna insurer

CVS Aetna takeover signals US healthcare consolidation

America’s private health insurance system is rapidly becoming centralized. Shareholders approved drugstore giant CVS Health takeover of the insurance company Aetna Inc. The $69 billion...
Kim Kardashian and her bodyguard Pascal Duvier seen out and about in Paris before the robbery on October 2, 2016 in Paris. Photo by Mehdi Taamallah/NurPhoto

AIG files $6.1m lawsuit against Kim Kardashian’s former bodyguard

Bodyguards are liable for the property losses of the rich and famous. AIG is suing Kim Kardashian West’s former security firm for $6.1 million...
Fountaingrove after October 2017 California wildfires

California fires force sale of Aspen Insurance to private equity firm

Climate Change is dramatically transforming the insurance industry. The troubled Aspen Insurance Holdings reportedly agreed to sell itself to private-equity giant Apollo Global Management...
student using computer and phones to buy cryptocurrency investments

Students gambling their loans on cryptocurrency investments

Slightly more than one in five US college students, 21.2%, admitted to financing cryptocurrency purchases with student-loan funds, a study by The Student Loan...
Donald Trump meeting with Mexican President Enrique Pena Nieto

Ending NAFTA risks hurting North American economies

Every insurer needs to ascertain the potential risks of the sudden termination or modification of international trade agreements. The havoc wreaked by the Brexit...
MetLife Headquarters Building in New York, USA

US drops MetLife case and abandons stricter regulation of insurers

The US government is abandoning efforts to impose stricter regulation on insurance companies’ financial activities. The new policy is coming at a time when...
Citizens-election-day-at-the-booths

The risks from election hacking

Allegations of election hacking in the United States have exposed the vulnerability of modern political systems to outside interference. The reaction to the hacking...
US Navy caught prisoners by Iran's National Guard

Ransom Insurance: The US $400 Million Payment to Iran

A political scandal in the United States is shining a spotlight on an obscure and morally-questionable sector of the insurance market: kidnap and ransom...
The Hanover Insurance Group

Hanover Insurance Group’s net income down to $2M in Q2

Massachusetts-based Hanover Insurance Group has seen a sharp decline in net income in the second quarter of 2016 owing to catastrophe and large losses,...
AIG-Insurance-Group

AIG sells Mortgage Guaranty Unit to Arch Capital for $3.4 Billion deal

American International Group has announced on August 15 that it would sell its mortgage-guaranty unit to Arch Capital Group Ltd, a Bermuda-based writer of...
health insurer Anthem office building

US Justice Department moves to block health insurer deals

By Caroline Humer and Carl O'Donnell NEW YORK (Reuters) - U.S. antitrust officials on Thursday moved to block an unprecedented consolidation of the national health...
data-privacy-laptop

EU-US Privacy Shield promises stronger data protection

The European Commission (EC) has formalised the adoption of the EU-US Privacy Shield, a new framework for transatlantic data transfers, placing greater obligations on...
GE Capital

GE Capital now off the ‘Too-Big-To-Fail’ list

GE Capital, the financial services arm of American multinational conglomerate General Electric, recently welcomed good news following its removal from the Financial Stability Oversight...

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