Underwriting
Concord Group Insurance Pool Elicits A.M. Best Ratings Downgrade
Members of the Concord Group Insurance Pool are facing ratings downgrades from A.M. Best. The main reason: an "inconsistent" operating performance. What that means is that pool members Concord ...
Chinese Online Property Insurer ZhongAn Tops List of Financial Technology Innovators
Chinese online property insurer ZhongAn has topped a list of financial technology (fintech) innovation companies, leading a strong showing by Chinese firms this year amid increased funding and ...
Q3 Was a Flat Quarter for Commercial Insurance Prices: Towers Watson
Workers compensation, commercial property and directors and officers insurance all experienced price decreases in the 2015 third quarter, during a period where commercial insurance prices overall ...
Buffett’s Berkshire Hathaway Further Pulls Back from Munich Re Investment
Warren Buffett's Berkshire Hathaway Inc. further reduced its stake in Munich Re as the billionaire investor re-evaluates the attractiveness of the reinsurance market. The holding was trimmed to 4.6 ...
Climate-Change Deal Includes Insurance Provision, Avoids Liability and Compensation
The world's nations took the boldest steps yet to stem climate change, adopting an historic package of measures to limit fossil-fuel pollution and establish a mechanism to step up the reductions for ...
Lloyd’s Welcomes First Mexican Reinsurer
Lloyd's of London will be welcoming its first Mexican reinsurer. News of Lloyd's expansion follows the opening of its debut representative office in Mexico City in October 2015. The move will come by ...
El Nino Aside, a Snowy, Arctic Blast is Still Possible
The eastern U.S. has been pretty warm the past few days and is forecast to get even warmer. That's the kind of thing one would expect with one of the strongest El Ninos in the past 65 years under way ...
Workers Compensation Reform May Already be Improving CA Claims Costs
Workers compensation reform legislation in California may already be making a dent in claims costs. Medical payments in the state – the largest for workers compensation insurance – dipped 5 ...