Commercial Lines
Workers Comp Touches First Pricing Dip in 5 Years: Towers Watson
Workers compensation pricing appears to have dipped slightly in the 2015 second-quarter. That's the first time this has happened since 2010, Towers Watson said in a new report that tracked a tiny ...
New Product Alert: XL Catlin, Aon Benfield, AIR Worldwide and More
XL Catlin recently unveiled new commercial crime insurance for the U.S. market. The policy is available on a primary, excess and quota share basis with policy limits up to $25 million. It includes ...
Reinsurers Gathered in Monte Carlo Doubt the Chances of 2016 Pricing Relief
The world's largest reinsurers and brokers see little relief in pricing in 2016 amid a relentless influx of alternative capital from pension funds and one of the past decade's quietest years for ...
Alibaba Invests $188M in Cathay Financial’s Insurance Division
Alibaba Group Holding Ltd.'s finance arm is strengthening its foothold in the insurance business with plans to invest about 1.2 billion yuan ($188 million) in a Chinese unit of Cathay Financial ...
Towers Watson Embraces the Cloud with $15M Canadian Tech Company Acquisition
Towers Watson will buy up a Canadian tech company for more than $15 million. The deal is designed to boost its insurance technology/cloud computing offerings for property/casualty carriers as well as ...
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 ...