Claims & Reserving
Report: China’s Anbang Insurance Mulling a $2B IPO
Anbang Insurance Group Co., the Chinese insurer buying New York's Waldorf Astoria hotel, is planning an initial public offering that could raise about $2 billion, people with knowledge of the matter ...
Allied World Makes Buy in Bid to Boost Its Specialty Coverage
Allied World Assurance Company Holdings is making an acquisition designed to boost its specialty coverage business involving trade credit and political risk. The Swiss property/casualty and specialty ...
General Motors Dogged By More Ignition Switch Injury Claims
A program to compensate the victims of a faulty ignition switch in General Motors Co vehicles found last week that the part was linked to two additional deaths and four injuries, bringing the total ...
An Arctic Blast Returns the P/C Industry to Winter Cat Risks
An arctic blast began to dump heavy snow in parts of the northern Rockies, Plains and the Great Lakes regions on Monday and meteorologists said temperatures are expected to plummet throughout the ...
The Hanover Picks Lavey As Its New Head of Personal Lines
The Hanover Insurance Group has a new president in charge of personal lines coverage. He's a veteran executive of the Massachusetts-based U.S. property/casualty insurer who initially came on board a ...
The Wealthy Take a Risk on Post-Hurricane Sandy Jersey Shore
When Hurricane Sandy roared through New Jersey two years ago, it not only tore up the shoreline. It also pushed out much of the middle class. From Ocean City to Toms River, one-story cottages and ...
Home Depot Also Admits Hacker Theft of 53 Million E-Mail Addresses
Home Depot Inc., which suffered a data breach between April and September, said 53 million e-mail addresses were taken by hackers during the attack, in addition to the 56 million payment cards that ...
New Online Tool Helps Predicts Risk For Deadly Coastal Hurricanes
When a hurricane comes ashore, there are so many dangers: tree-snapping winds, torrential downpours and even tornadoes spawned by the tempest itself. But it's the wall of water that tropical systems ...