Global Economy
Progressive at PCI: Telematics Will Become Ubiquitous Underwriting Tool
A Progressive Insurance Group executive asserts that automated automobile technology won't become ubiquitous for years. On the other hand, he predicts, the equally transformative use of telematics ...
W.R. Berkley CEO Challenges ‘Moral Commitment’ of Reinsurance Rivals
With the property/casualty reinsurance market hammered by soft rates and heavy competition from new sources of capital, W.R. Berkley Corp.'s Chairman and CEO questioned the "moral commitment" of some ...
Allianz Global Corporate & Specialty Reorganizes to Support New Growth
Allianz Global Corporate & Specialty SE (AGCS) is reorganizing its regional management structure to accommodate new growth. In a related move, it is launching a new business line targeted to ...
Chubb Thrives in Q3 on Higher Premium Revenue
Chubb Corp., the insurer of corporate boards and mega-yachts, said quarterly profit rose 9.8 percent in the company's first increase of the year as premium revenue increased. Third-quarter net income ...
AIG, Allianz and 7 Other Giant Insurers to Start Reporting Capital Ratios
Nine too-big-to-fail insurers, including American International Group Inc., Allianz SE and MetLife Inc., must start reporting capital ratios next year using a method presented by regulators today. ...
Hurricane Gonzalo Insured Loss Estimates Coming In
No question about it: Hurricane Gonzalo did some big-time damage when it hit Bermuda on Oct. 17. Two catastrophe-modeling firms are already estimating that insured losses will be substantial. EQECAT ...
Workers Comp Writers Using More Mobile Device Apps and Other Tech Advances
Workers compensation insurers are increasingly turning to mobile device applications and other technology innovations in their bid to remain a force in the industry and serve their clients, Novarica ...
The Cost to Insure Airplanes Against Attack Will Grow Considerably
Insurers worldwide are going to have to pay up to a record $800 million to cover the damage done by attacks on airplanes this year, driving prices up and drawing rivals into the market. The hefty ...