Underwriting
Texas Hailstorms Poised to Bring Insured Losses Above 9-Year Average: A.M. Best
Springtime hailstorms in the Dallas-Fort Worth region of Texas are adding up to some significant insured losses that could exceed the 9-year average, according to the latest A.M. Best briefing. Two ...
Cyber Thieves See Limited Chances Before Credit Card Chips Curtail Their Theft Opportunities
Cyber thieves see new credit card chip technology being adopted by U.S. retailers closing a lucrative window of opportunity to steal your data. So they want to move fast. "We've actually seen a ...
Assurant to Take on Nationwide’s FEMA Flood Insurance Business
Nationwide will start winding down its status this May as a "Write Your Own" carrier within FEMA's National Flood Insurance Program. Assurant said it formed an agreement with the insurer to fill the ...
Scott Fischer Named as New York’s Top Insurance Watchdog
New York's financial regulator promoted Scott Fischer to be the state's top insurance watchdog, a position that involves overseeing about 1,700 companies with more than $4 trillion of assets. ...
VW U.S. Emissions Scandal Deal to Cost at Least $10B
Volkswagen AG agreed to fix or buy back about 500,000 tainted cars in the U.S., taking a significant step forward in its effort to emerge from the emissions-cheating scandal. After months of ...
Travelers Shares Plunge as Q1 Profit Drops 17 Percent
Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, said first-quarter profit slipped 17 percent as catastrophe costs climbed and investment income dropped on ...
Travelers, Allstate Blame March Texas Storms for Catastrophe Loss Surge
Property and casualty insurer Travelers Cos Inc reported a lower-than-expected quarterly profit as catastrophe losses nearly doubled, mainly due to hail storms in Texas in March. Travelers said on ...
XL Catlin Attracts Former Zurich Exec to New Leadership Role
XL Catlin hired a former high-level Zurich Insurance executive to fill a new role at the company. Dan Riordan will be president, Global Political Risk & Trade Credit. Most recently, he was CEO of ...