Commercial Lines
Travelers Expands Share Repurchase as Q1 Net income Drops
The Travelers Companies reported a big drop in net income during the 2015 first quarter, and its combined ratio nudged slightly higher. Executives attributed the results, in part, to a drop in net ...
Insurers Urge FAA to Speed Up Drone Use for U.S. Disaster Response
U.S. companies including insurers and aerospace manufacturers urged federal aviation regulators on Tuesday to speed up the use of drones in disaster response and relief operations in the United ...
Zurich’s Declining Earnings Leads to Desk Sharing, Shrinking Office Space
Zurich Insurance Group AG, Switzerland's largest insurer, is shrinking office space at a key unit and will ask staff to share desks to help reverse a drop in earnings. The steps are needed to help ...
Insurance Outsourcer Patriot National Pays $10M For Software/Services Outfit
A company that handles insurance industry outsourcing in the workers compensation space has snatched up a business that provides software and services to P/C companies. Specifically, Patriot National ...
As P/C Companies Turn to Predictive Analytics, Some Underwriters are Wary
If you're wondering how important predictive analytics is becoming to property/casualty insurance companies, consider this: 56 percent of industry respondents in a new survey said they plan to start ...
Willis to Compete With Banks Pursuing Asia M&A
Willis Group Holdings Plc's Rafal Walkiewicz and Michael Guo, who were promoted last week to lead the investment-banking operation, are focusing on Asia as they vie with Wall Street in advising ...
U.S. Regulators Advocate Oil Train Risk Reduction Measures
Oil train operators must have detailed information on hand about the possible risks of their cargo in case of an accident and perform more thorough checks before moving on the tracks, U.S. ...
Florida Last-Resort Insurer Readying For Storms, Just in Case
Florida hasn't been hit by a hurricane since 2005, the longest stretch in more than a century. Its state-run property insurer isn't taking any chances. Even though forecasters predict this year will ...