Business Insurance - Web News en-us Fri, 29 Jul 2016 08:08:43 EST 10 Elephant in the pool! 20160729/NEWS03/160729791 Will the GOP wash away President Barack Obama's signature health care law? Fri, 29 Jul 2016 08:01:54 EST Insurance industry profits tumble 20160729/NEWS09/160729794 The China Insurance Regulatory Commission said that the country's insurance sector posted a 54% decrease in profits in the first half of 2016, Reuters reported. Fri, 29 Jul 2016 05:34:42 EST Storm damage claims at least $550 million 20160729/NEWS09/160729795 Dutch insurers association VNV has estimated insurance claims from severe storms that hit the nation in June at €500 million ($553 million) in damage claims, NL Times reports citing ANP news agency. Fri, 29 Jul 2016 05:33:53 EST Catastrophes and integration costs hit XL Catlin's results 20160729/NEWS09/160729796 Catastrophes weighed heavily on the results of Bermuda-based insurer and reinsurer XL Catlin, formed by XL Group P.L.C.'s acquisition of Catlin Group Ltd., The Royal Gazette reported. Fri, 29 Jul 2016 05:33:00 EST Wildfires force $557 million loss in Suncor Energy's oilsands production 20160729/NEWS09/160729797 Canada's Suncor Energy Inc. has said that the northern Alberta wildfires in May reduced its oilsands production by about 20 million barrels in the second quarter of 2016, reports. Suncor reported a net loss of $735 million Canadian Fri, 29 Jul 2016 05:32:00 EST Hackers increasingly target point-of-sale terminals 20160729/NEWS09/160729798 Analysts at the Russian central bank's cyber-space monitoring service FinCERT have said that hackers are increasingly targeting point-of-sale terminals in the country, SC Magazine UK reported. Fri, 29 Jul 2016 05:31:09 EST Bradesco Seguros' revenues up nearly 7% 20160729/NEWS09/160729799 Brazilian insurer Bradesco Seguros S.A. posted a 6.9% year-on-year increase in revenues to 32.4 billion Brazilian reals ($10 billion) in the first half of 2016, Investimentos e Noticias reports. Fri, 29 Jul 2016 05:30:19 EST Recent storms likely to cost South African insurers $139 million 20160729/NEWS09/160729800 Stormes that hit South Africa on July 26 are likely to cost insurers up to 2 billion South African rand ($139 million), SABC reports. Fri, 29 Jul 2016 05:29:22 EST Shipping accidents decline 20160729/NEWS09/160729801 The number of ship accidents reported to U.K.'s Marine Accident Investigation Branch fell in 2015, World Maritime News reports. Fri, 29 Jul 2016 05:28:27 EST The BI Top 10 20160729/NEWS06/160729802 Executive moves at Marsh L.L.C. and pregnancy discrimination claims against insurance broker Brown & Brown Inc. are among Business Insurance's top 10 most read features. Fri, 29 Jul 2016 00:01:00 EST