Underwriting
U.S. Property/Casualty Net Income Grew Steadily in 2015 First Half
Thanks to a relatively quiet tornado season and slow start to the U.S. hurricane season, there's good news to report concerning property/casualty insurers' net income during the first half of 2015. ...
$28B ACE/Chubb Merger Up for Oct. 22 Shareholder Vote
ACE CEO Evan Greenberg said progress on the planned $28 billion merger between his company and Chubb continues apace, with shareholders from both sides set to cast their vote on Oct. 22. "We are on ...
Republican Auto Safety Proposals Draw Warning from U.S. Regulators
Republican proposals to improve U.S. auto safety came under fire on Tuesday from federal regulators, who warned that proposed changes to current rules would erode consumer safety and give automakers ...
Incoming Travelers CEO Schnitzer Promises ‘Thoughtful and Deliberate’ Leadership Steps
Incoming Travelers CEO Alan Schnitzer is assuring investors that he will be "thoughtful and very deliberate" about next steps for the property/casualty insurance giant when he takes over on Dec. 1. ...
U.S. Security Firm Accuses China of Hacking Even After Cyber Pact
Hackers associated with the Chinese government have tried to penetrate at least seven U.S. companies in the three weeks since Washington and Beijing agreed not to spy on each other for commercial ...
Travelers Nudges Q3 Net Income Higher, Combined Ratio Lower
The Travelers Cos. nudged net income slightly higher, the combined ratio dipped a healthy amount and net written premiums reached record levels during the 2015 third quarter. Investors were pleased, ...
New ACE Terror/Violence Coverage Addresses Bomb Threat Hoaxes, Looting and More
ACE Group is marketing new multinational insurance coverage to help businesses handle fast-evolving terrorism and political violence problems. The policy addresses a wide range of areas including ...
Drone Makers Wary About National Registry Plans
Some drone industry representatives are reacting cautiously to plans by the Obama administration to combat a growing safety threat by requiring buyers to register their drones with the government. ...