Commercial Lines
Navigators Settles U.S. Probe Over North Korea, Iran Marine Risk Deals
Navigators Group Inc., the insurer that focuses on marine risks, agreed to settle a U.S. probe that it violated sanctions through deals tied to banned nations. Navigators will pay about $272,000 to ...
California Workers Comp Premiums Growing By Double Digits: WCIRB
Workers' compensation premiums in California continue to grow at double-digit rates, according to the Workers' Compensation Insurance Rating Bureau. The WCIRB recently released its "State of the ...
Severe Floods Could Slam California Region With $24B in Damage: Lloyd’s of London
Severe flooding in an economically vital part of California's could cost more than $24 billion in damage, Lloyd's of London concludes in a new risk analysis of the state. What's more, climate change, ...
With IT Company Deal, Marsh Makes Play For U.S. Small Commercial Market
Marsh will be making strategic acquisition of an insurance technology services company with a focus on boosting its business in the U.S. small commercial market. The global insurance broker and risk ...
RSA’s Turnaround Shows Why Zurich Insurance May Want to Buy It
RSA Insurance Group Plc, the subject of a potential takeover bid by Zurich Insurance Group AG, reported a jump in first-half profit that beat analyst estimates and restored the interim dividend. ...
For Allianz, PIMCO Problems Overshadowed by Double-Digit Profit Growth
Allianz SE, Europe's biggest insurer, said second-quarter profit rose 15 percent as lower claims from natural catastrophes offset a drop in earnings at Pacific Investment Management Co. Net income ...
Straight Talk from Industry CEOs at ACE and Travelers
Great leaders promote trust and open communication, experts increasingly argue. Property/casualty insurance executives understand this, especially in times of great change—a fact that was in ...
P/C Insurers Still Struggle to Attract Younger Employees: A.M. Best Survey
The property/casualty insurance industry is meeting its hiring needs, but still struggling to attract younger employees and overcome its stodgy reputation, A.M. Best determined in a new survey. ...