Leadership & Strategy
Ridesharing Insurance Legislation Becomes Law in California
California Governor Jerry Brown signed new insurance requirements on ridesharing companies into law on Wednesday, but the regulations come at a far lower cost to the industry than previously written ...
Why Company Culture Matters to CIOs
Many new CIOs make the same mistake. They've just been hired into their new position and have a mandate from those who did the hiring—the board, the CEO, an executive search committee—to "shake ...
Tower Group, Now Part of ACP Re, Gets a Ratings Boost
Now that Tower Group International is a part of Bermuda-based reinsurer ACP Re Ltd., its financial ratings have stopped dropping and are improving. A.M. Best said it upgraded the financial strength ...
Fireman’s Fund, Minus Commercial, to Zero in on Personal Lines
While Allianz is bringing Fireman's Fund Insurance Company's commercial lines business into its own operations, the short-term plan with its personal lines arm appears to be a focus on maintaining ...
Allianz Will Absorb Fireman’s Fund’s Commercial Lines Business
German insurance giant Allianz said it will absorb Fireman's Fund Insurance Company's commercial lines business into one of its own eponymously-named divisions. Meanwhile, after days of declining to ...
Big Data Increasingly Helps Insurers Spot Risks
Insurance companies are increasingly turning to "big data" from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles. Insurers and ...AIG Names Kaiser Permanente Veteran as New Tech Chief
American International Group Inc. hired Philip Fasano to the newly created chief information officer role as Chief Executive Officer Peter Hancock counts on technology to improve results. Fasano, 56, ...
BP Argues Missing Comma Entitles it to $750M in Coverage For Gulf Oil Spill
BP Plc, which has paid more than $28 billion for the 2010 Gulf of Mexico oil spill, asked a Texas court to let it tap into $750 million in Transocean Ltd.'s insurance policies on the doomed Deepwater ...