Underwriting
Victims of Takata’s Exploding Air Bags Seek to Delay $1B Settlement
People injured by Takata Corp.'s exploding air bags asked a judge to delay approving the $1 billion settlement with the U.S. hours before the car-parts maker was due to appear in court to plead ...
Too-Big-to-Fail Rule Under Attack From House Republicans
Congressional Republicans are taking aim at the regulatory process through which some financial institutions become subject to heightened regulation because they are deemed too big to fail. In a ...
Reserve Strengthening Likely for UK Insurers After Personal Injury Discount Rate Cut
The earnings of U.K. insurers likely will be hit by reserve strengthening following the U.K. government's announcement of a dramatic cut to the discount rate used to calculate lump-sum personal ...
State Farm’s Auto Underwriting Loss Soared to $7B in 2016; Profit Plunged
State Farm Mutual Automobile Insurance Co., the largest U.S. property-casualty insurer, said annual profit fell 94 percent on car insurance claims costs. Net income dropped to $400 million from $6.2 ...
The Latest Launches From Ironshore, QBE and Marsh
A new insurance endorsement from Ironshore is designed to help make academic campuses more secure. QBE North America has a new policy for motor carriers that combines two key coverage areas. Marsh's ...
Gaps Permeate Within Small Business Disaster Recovery Plans: Nationwide
Carriers targeting the small-business insurance market have their risk management jobs cut out for them in a key area: Many clients don't have a written disaster recovery plan in place despite a need ...
Report: AIG Explores Penalizing or Booting CEO Hancock Over Turnaround Setback
American International Group Inc's directors are discussing whether to penalize or oust Chief Executive Peter Hancock over a major setback in the insurance firm's turnaround plan, the Wall Street ...
Arch Re Launches Gulf Underwriting Entity to Supplement Gulf Re’s Role
Arch Reinsurance Ltd. has created an entity to handle its underwriting in the Gulf region and eventually replace the role Gulf Re plays in its business there, a few years after it had fully acquired ...