Underwriting
Buffett’s Railway Company Helped Lead Successful Effort to Delay Train Safety Tech
When an Amtrak passenger train derailed in Philadelphia in May, killing eight people and injuring scores more, the railroad industry's campaign to delay a Dec. 31 deadline to install technology to ...
Allstate Sees Double-Digit Profit Drop Due to Auto Policy Slowdown
Allstate Corp., the largest publicly traded U.S. car and home insurer, said third-quarter profit slipped 17 percent as claims rose and policy growth slowed in the automobile-coverage business. Net ...
AIG CEO Rejects Icahn Plan to Split Insurance Giant Into 3
American International Group Inc. Chief Executive Officer Peter Hancock dismissed activist investor Carl Icahn's proposal to split the company into three insurers, saying a separation would limit ...
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 ...
US and UK Will Jointly Test Global Financial Firms’ Cyber Security
The US and British governments will hold a joint exercise to test cyber security and information sharing arrangements involving global financial institutions, according to the UK National Computer ...
European, Gulf Carriers Reroute Flights Away from Sinai After Russian Jet Crash
Most national carriers in the United Arab Emirates will reroute flights to avoid Egypt's Sinai peninsula until more is known on what caused a Russian-operated jet to crash there on Saturday, killing ...
Liberty Mutual Loses WC Market Share, but Travelers Remains on Top: A.M. Best
Liberty Mutual Insurance's U.S. workers compensation net premiums written for 2014 dropped a whopping 27.5 percent compared to the previous year. The decline was enough to knock it from second to ...
British Insurance Premium Tax Hike Worsens Situation for General Insurers
A tax hike on British motor and home insurance policies effective from Sunday is set to hit consumers and could trigger a fresh round of margin-squeezing price competition among general insurers. The ...