Industry News
Insurers, Banks See Trade Deals As Way to Weaken Dodd-Frank
U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis. While ...
Sandy Effect On Property Rates Muted: Marsh
The property insurance market remained relatively stable and competitive in the first quarter of 2013, with few changes to limits purchased and deductibles, according to a benchmarking report from ...
Twitter Tweaks Security to Thwart Hackers After Media Company Hits
Twitter Inc. unveiled technology to boost security for its users, following a spate of attacks on accounts of prominent media outlets including the Associated Press, the Financial Times and The ...
London’s Parhelion Underwriting Is First to Insure California Carbon Credits
Parhelion Underwriting Ltd. became the first insurer to offer a policy to protect companies from the invalidation of carbon offset credits sold as part of California’s cap-and-trade program. ...
U.S. Needs Stronger Action Against Trade Secret Theft by China: Commission
Theft of trade secrets, chiefly by China, costs the U.S. economy $300 billion a year and must be fought with sanctions as tough as those used against terrorism and drug trafficking, an advisory panel ...
Top 15 Global Insurance Markets: 2020
Peering into the future, Munich Re reported that the global property/casualty insurance market would grow to 1.85 trillion euros ($2.4 trillion) by 2020, also providing a breakdown of the largest ...
P/C Loss Reserve Position Stronger, Conning Says
The property/casualty insurance industry’s loss reserve position improved in 2012, according to analysts at Conning, who estimate an overall redundancy of 3.3 percent of carried reserves in spite ...
U.S. Insurance Recruiter Jacobson, London’s ejsSearch Complete Merger
Chicago-based Jacobson Group, which provides recruits to the insurance industry, and ejsSearch – the London-based insurance executive search firm specializing in assignments in London and broader ...