Underwriting
Travelers CEO Schnitzer: ‘Our Disciplined Underwriting Stood Up to the Storms’
While hurricanes hammered Travelers with $700 million in pre-tax catastrophe losses, the property casualty insurer still ended its 2017 third quarter in the black. Travelers reported $293 million in ...
Another J&J Lawsuit: Patients in UK Trial Claim Hip Implants Were Defective
A Johnson & Johnson unit was accused of injuring hundreds of patients by selling "defective" hip implants, according to lawyers suing the company on the first day of a London trial. Some of DePuy ...
CNN Wins FAA Waiver to Fly Drone Over Crowds
CNN received a waiver allowing routine drone flights above crowds, a milestone for the industry seeking greater use of the remote-controlled devices for everything from insurance inspections to ...
Wi-Fi Vulnerable to Hacking Due to Newly-Discovered System Flaw
Cyber security watchdogs and researchers are issuing warnings over risks associated with a widely used system for securing Wi-Fi communications after the discovery of a flaw that could allow hackers ...
AXIS Capital Closes Novae Acquisition, Discloses Revamped Executive Team
AXIS Capital Holdings Ltd. it has finalized its acquisition of Novae Group plc, which creates a $2 billion insurer in London and a top ten re/insurer at Lloyd's, with 2016 global gross written ...
Carrier Innovation Broadening Commercial Insurance Reach in Changing Economy: Swiss Re
Carrier innovation is giving commercial insurance a broader reach as the economy continues to deal with major structural changes, according to a new Swiss Re sigma report. The reinsurer noted that ...
Assurant to Acquire The Warranty Group for $2.5B, With Eye on Quicker Global Growth
Assurant will pay $2.5 billion to acquire The Warranty Group, a rival that provides insurance protection plans in areas including consumer electronics and appliances. Plans call for closing the deal ...
The Competitive Advantage: On the Other Side of the Desk
It is always interesting to be on the other side of a desk. I consult and write on "all things" insurance, but I'm not always buying insurance. This year I purchased a couple of new policies, causing ...