CFO / Financial
Top 10 Market Conduct Actions Against P/C Insurers: Claims Mgmt. Leads
Slow claim handling, the use of unapproved rates and a failure to provide required compliant disclosures top the list of market conduct actions taken against U.S. property and casualty insurers in ...
Mexico Cat Bond Likely to Pay on Hurricane Patricia Losses: S&P
Bonds sold by Mexico to shield it from the cost of repairing hurricane damage are closer to paying out after the biggest storm ever measured in the Americas struck the country last month, Standard ...
New Verisk Tool Reveals IDs Phantom Garagers, Confirms Mileage
Auto insurance companies now have a tool that lets them verify the garaging address of a vehicle, confirm the driver's commuting mileage and obtain loss costs and premium differentials for the ...
AIG Loses $231M in Q3; Up to 400 Senior-Level Jobs on Chopping Block
American International Group Inc., the insurer facing pressure from activist shareholder Carl Icahn for a breakup, posted a third-quarter loss as investment results deteriorated. The company plans to ...
OneBeacon’s Q3 Results Disappoint; CNA’s Investment Income Plunges
OneBeacon's third-quarter results disappointed; CNA's numbers were mixed to positive, though its investment income took a big hit. Here are the details: *** OneBeacon Insurance Group saw its ...
The Hanover Temporarily Brings Back Former CFO After Greenfield’s Death
The Hanover Insurance Group brought back a former chief financial officer company to serve as interim CFO, a move made necessary due to the unexpected death of his predecessor earlier in October. ...
Hurricane Patricia May Hit Mexico Cat Bond
Mexico's natural disaster fund may be $100 million better off at bondholders' expense after Hurricane Patricia appeared to trigger a catastrophe bond the country sold in 2012. Investors in those ...
Willis Forecast: Cyber Rates Soar But Price Drops Ahead for Other Casualty
Cyber insurance and professional liability were the only clear outliers in a picture of softening primary insurance prices that now includes casualty lines, a broker report revealed last week. In its ...