Commercial Lines
Industry Loss Reserve Redundancy Disappearing: Aon Benfield Analysis
According to an analysis published by Aon Benfield, loss reserves held by U.S. property/casualty insurers for commercial lines are deficient by $2.8 billion, with workers compensation coming in ...
Hancock Replacing Benmosche as CEO Sept. 1; Taking First Board Role
When Peter Hancock spoke at the Professional Liability Underwriting Society D&O Symposium in February 2012, he may not have foreseen yesterday's announcement that he would ascend to the highest ...
Business Urging Delaware Lawmakers Not to Block ‘Loser-Pays’ Bylaws
Big Business is lobbying Delaware lawmakers for corporate bylaws to shift legal fees to shareholders who sue and lose, which legal experts say could curtail a booming type of investor class actions. ...
AIG Board’s Decision: Hancock Replacing Benmosche Effective Sept. 1
American International Group announced Tuesday that its board of directors has named Peter D. Hancock as President and Chief Executive Officer, AIG, effective September 1. Hancock, who currently ...
Fitch Ups Lloyd’s Rating to ‘AA-‘
Fitch Ratings upgraded Lloyd's of London's insurer financial strength rating to "AA-" from the "A+," the rating agency announced Tuesday, with an expectation of better "cross-cycle underwriting ...
Q1 2014 Commercial Insurance Prices Up 4%; Rates Moderating: Towers Watson
Commercial insurance prices increased by 4 percent in aggregate during the first quarter of 2014, marking the lowest level of growth since fourth-quarter 2011, according to a new survey by Towers ...
Mining Underwriting Opportunities With CoMeta
Speaking during a session at the Advisen Casualty Insights conference in March, Robert Reville, the chief executive officer of Praedicat, noted that while all mass litigation, historically, has been ...
Praedicat: Mining Data From Published Science to Spot the Next Casualty Cat
Emerging liability risks aren't likely to look like asbestos or silica in coming years, according to an expert who has been following the development of workplace torts for decades. Instead, the next ...