Claims & Reserving
PCI’s Griffin Testifies on Lessons Learned After Sandy
Don Griffin, vice president of personal lines at the Property Casualty Insurers Association of America (PCI), testified Wednesday before the Senate Committee on Banking, Housing and Urban Affairs ...
U.K. to Start Testing Driverless Cars on Public Roads
Driverless cars will be tested on U.K. roads starting in January, providing an opening for carmakers and technology companies as the government looks for ways to improve safety and lower pollution. ...The Hartford Plans Big Investment in P/C Policy Management Tech
Hartford Financial Services Group said it is planning a major upgrade to technology it uses to manage property/casualty insurance policies. A company spokesman would not disclose how much the insurer ...
Aspen CEO Sees Opportunity in Aviation War Market
While insurers including Allianz SE, Atrium Underwriting Group and AIG have taken recent hits with plane crashes in the Ukraine, Taiwan and elsewhere, Aspen Insurance Holdings has avoided major ...
Reserve Charge, Cats to Dent State Auto Financial Earnings; EMC Down on Cats
Midwest insurers State Auto Financial and EMC Insurance Group preannounced anticipated declines in second-quarter earnings last night, with catastrophe losses hitting both companies, and a ...
‘Funnel of Fire’ Destroyed 100 Homes in Washington; Fires Continue
A fire racing through rural north-central Washington destroyed about 100 homes as of Friday, leaving behind smoldering rubble, solitary brick chimneys and burned-out automobiles as it blackened ...
Liberty Mutual Punts $3.3B in Liabilities to Berkshire Hathaway Arm
Liberty Mutual Insurance is ceding $3.3 billion in asbestos, environmental and workers compensation liabilities to Berkshire Hathaway subsidiary National Indemnity Company in one of the larger ...
Senate Overwhelmingly Approves TRIA Renewal Bill
The U.S. Senate overwhelmingly approved a bipartisan bill that would renew the Terrorism Risk Insurance Act, even as the House struggles to schedule a floor vote for its version before the August ...