Commercial Lines
A.M. Best: China Explosion Insurer Costs Remain in Flux
Some industry watchers are trying to tally carrier claims costs following an Aug. 12 explosion at a key China port. A.M. Best cautions, however, that plenty of variables remain. Among them: the mass ...
Auto Insurers Risk ‘Credit Negative’ Label As Traffic Injuries Rise: Moody’s
With signs pointing to an ongoing rise in U.S. traffic injuries and deaths during the first six months of 2015, Moody's is warning that the trend is credit negative for auto insurers. Moody's ...
Ping An Insurance, Confronting China Slowdown, Boosts Overseas Assets
Ping An Insurance (Group) Co., China's second-largest insurer, is boosting overseas assets as the nation's slowing economy and falling interest rates make it difficult to find investments with ...
Lloyd’s of London Insurer Amlin Denies Rumors It is For Sale
Amlin Plc Chief Executive Officer Charles Philipps damped speculation that the Lloyd's of London insurer is looking for a buyer, saying the firm is strong enough to remain independent. "We are not ...
‘Event’ Needed to Boost International Insurance Pricing: QBE Group CEO
When Australia's QBE Insurance Group reported a 24 percent leap in first-half earnings last week, the leader of the company signaled the ability of the company to weather both natural catastrophes ...
Hurricane Katrina Led to Big Improvements in Coastal Building Codes
When Hurricane Katrina made landfall 10 years ago, it caused a whopping $41 billion in insured losses and more than $151 billion in overall economic losses. The storm left massive damages in coastal ...
RSA Shareholders Brace For Lowball Bid From Possible Suitor Zurich Insurance
Shareholders in British insurer RSA are bracing for a lowball bid from prospective suitor Zurich Insurance, putting one of Europe's largest ever insurance deals in doubt. After flagging its interest ...
AIG Pulls in $500M Selling off Remaining Stake in AerCap Stock
American International Group Inc. said it raised net proceeds of about $500 million selling stock of AerCap Holdings NV as the insurer completed its departure from the airplane-leasing business. The ...