Edition:
United Kingdom

Suzanne Barlyn

Could life insurance go up in smoke for some vapers?

04 Dec 2019

LONDON/NEW YORK Global reinsurers are stepping up their warnings to life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them altogether. | Video

UPDATE 1-N.Y. insurance regulator notifies opioid makers, distributors of enforcement action -sources

13 Nov 2019

Nov 13 New York's insurance regulator has formally notified a group of opioid manufacturers and distributors that it will launch a civil enforcement action against them for contributing towards a rise in health insurance premiums in the state, said two sources familiar with the matter.

N.Y. insurance regulator notifies opioid makers, distributors of enforcement action -sources

13 Nov 2019

Nov 13 New York's insurance regulator has formally notified a group of opioid manufacturers and distributors that it will launch a civil enforcement action against them for contributing towards a rise in health insurance premiums in the state, said two sources familiar with the matter.

UPDATE 2-Florida risk helped ruin Uber for insurer James River

07 Nov 2019

Nov 7 A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had mispriced policies during its initial years on the account.

Risk for Uber affiliate was mispriced - insurer James River's CEO

07 Nov 2019

Nov 7 A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had mispriced policies during its initial years on the account.

AIG's profit misses estimates on life unit review, catastrophe losses

01 Nov 2019

American International Group Inc missed analysts' estimates for third-quarter profit on Friday after a difficult catastrophe loss period and a review of assumptions it has used to write life insurance policies.

CORRECTED-UPDATE 3-AIG's profit misses estimates on life unit review, catastrophe losses

01 Nov 2019

Nov 1 American International Group Inc missed analysts' estimates for third-quarter profit on Friday due to weakness in the insurer's life and retirement unit and a difficult period for catastrophe losses.

MetLife profit falls short on U.S., Latam weakness

30 Oct 2019

U.S. insurer MetLife Inc fell short of Wall Street estimates for quarterly profit on Wednesday, hit by a fall in adjusted earnings in its U.S. and Latin American businesses.

UPDATE 2-MetLife profit falls short on U.S., Latam weakness

30 Oct 2019

Oct 30 U.S. insurer MetLife Inc fell short of Wall Street estimates for quarterly profit on Wednesday, hit by a fall in adjusted earnings in its U.S. and Latin American businesses.

Global insurers face quiet strain from hacker ransom demands

26 Oct 2019

NEW YORK Global insurers that cover cyberattacks are facing more claims related to ransom-demanding hackers who cripple businesses’ technology systems, and only stop after receiving substantial payments. | Video

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