Underwriting
AIG Raises $500M Through Sale of Shares in China P/C Giant
American International Group Inc. said it sold part of its holding in PICC Property & Casualty Co., China's biggest non-life insurer, for about $500 million. AIG, the largest commercial insurer ...
A.M. Best: Smaller Insurers Carry Advantage in Emerging Markets
In developing parts of the word, insurance carrier-size matters, but not in the way you might think. While large companies are making gains, smaller carriers are particularly thriving under the ...
EPA to Require Health Data on Nano Versions of Chemicals in Use
The U.S. Environmental Protection Agency announced last week that the agency is proposing one-time reporting and recordkeeping requirements on nanoscale chemical substances in the marketplace. ...
Supreme Court Revives Pregnant UPS Driver Case
The U.S. Supreme Court last Wednesday sided with a former driver for UPS Inc. by throwing out a lower court ruling blocking her lawsuit accusing the package delivery company of discrimination for ...
Risky Snapshot Drivers May See Rate Hikes, Progressive Says
Progressive Corp., the fourth-largest U.S. auto insurer, said it will begin increasing rates for some risky customers who participate in a program that allows the company to electronically monitor ...
Federal Reserve May Slow Implementation of National Capital Rules
The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records ...
Large Underwriters Not Yet Drawn to Google’s Auto Insurance Distribution Plan: Nomura
Google plans to tackle auto insurance distribution in the U.S. are making waves, but they haven't yet attracted interest from large underwriters, Nomura noted in a new industry report. "GEICO, ...
Cyber Risks Emerging as Shipping Sector Threat: Allianz
Cyber risks are emerging as a new threat for the shipping sector even as ship losses have sunk to their lowest level in a decade, Allianz Global Corporate & Specialty concluded in a new study. ...