Commercial Lines
Thoughts on Cleaning Up the Claims Department
It would be an understatement to say that the insurance industry has a few problems involving consumer loyalty, and claims issues certainly don't help. A recent Accenture Report found that 14 percent ...
Cyber Risks Poised to Become a $20 Billion Market: Allianz
Cyber risk remains a rapidly increasing problem with wide-ranging economic impact and cost. A new Allianz report illustrates how bad the situation has become, costing the global economy $445 billion ...
FHA Urges National Overhaul of Guardrail Standards After Review
U.S. highway guardrail systems made by Trinity Industries Inc. and Road Systems Inc. have "safety performance issues" in some real-world crash scenarios, the Federal Highway Administration said as it ...
Executives On The Move at Aspen Re, Starr, Verisk and The Hartford
We have executive hires to tell you about at Aspen Re, Starr Companies, The Hartford and Verisk: *** Aspen Re brought on an Axis Reinsurance veteran to be its new head of global property catastrophe. ...
Warren Buffett Still Seeking Global Companies to Buy for Berkshire Hathaway
Billionaire investing icon Warren Buffett said on Tuesday there are dozens of countries in which his sprawling Berkshire Hathaway Inc conglomerate would be interested in buying new businesses. ...
Surplus Lines Posts Record-Breaking Year for 2014
The surplus lines industry broke records in 2014, growing direct premium written in 2014 to $40.2 billion—the highest point in history, reports A.M. Best's "2014 Special Report U.S. Surplus ...
Busting Myths About Underwriting Technology
Cutting your hair makes it grow faster. Thomas Edison invented the light bulb. Humans use only 10 percent of their brains. Most people assume those statements to be correct because they are so often ...
For Lloyd’s of London, Heavy Competition Produced H1 Pretax Profit Plunge
Lloyd's of London insurance market posted a 28 percent drop in first-half pretax profit on Thursday and said pricing remained tough in a competitive market. The insurance and reinsurance markets have ...