Underwriting
AAA: Sleepy Drivers Trigger More Auto Accidents Than Expected
Auto insurers take note: Drowsy driving leads to motor vehicle crashes at much higher levels than federal statistics currently suggest, a new study has concluded. The AAA Foundation For Traffic Study ...
Progressive CEO Renwick Laments Drop in New Agency Auto Applications
While Progressive Corp. generally performed well in Q3, Glenn Renwick, chairman, president and CEO of the Ohio property/casualty insurance giant, was starkly unhappy with the 14 percent drop in new ...
PCI’s Gordon: Congressional Leaders Pledge Dec. TRIA Renewal
An executive with the Property Casualty Insurers Association of America said Congressional leaders have offered assurances that they'll reauthorize a version of the Terrorism Risk Insurance Act, or ...
Mexico at Risk For Another Potential Pacific Hurricane
With just about a month left in the eastern Pacific's hurricane season, Mexico is once again the target of a tropical system on its western coast. The latest system, Tropical Storm Vance, was ...
Africa is Luring Global Insurance Companies
Global insurance companies are flocking to Africa, where millions of people have started earning enough to afford business cover and protection for their families, said private equity firm LeapFrog ...
EEOC Sues Honeywell; Challenges Employee Wellness Penalties
The U.S. Equal Employment Opportunity Commission has sued Honeywell International Inc. to stop the company from imposing penalties on employees who refuse to undergo testing under its corporate ...
WCRI Study Looks at California’s Workers Comp Reforms
When California Senate Bill 863 took effect Jan. 1, 2013, it created several fee schedule changes in the California workers compensation system. The Workers Compensation Research Institute released a ...
W.R. Berkley CEO Challenges ‘Moral Commitment’ of Reinsurance Rivals
With the property/casualty reinsurance market hammered by soft rates and heavy competition from new sources of capital, W.R. Berkley Corp.'s Chairman and CEO questioned the "moral commitment" of some ...