Markets
Ping An Insurance Grabs $1.6B Stake in Chinese Car Website
Ping An Insurance Group Co., China's second-largest insurer, agreed to buy a 48 percent stake in Chinese car website Autohome Inc. from Telstra Corp. for $1.6 billion, extending a shopping spree by ...
RIMS 2016: Employee-Contractor Debate to Become Even Hotter
The employee vs. contractor debate has the potential to have a major impact on the insurance industry, according to a pair of experts speaking on the topic on Monday in San Diego, Calif. It's ...
The Latest Launches from QBE North America and RMS
QBE North America modernized its equipment breakdown coverage to now cover microelectronic failures. Catastrophe risk management firm RMS unveiled a new app for its clients. *** QBE North America ...
Munich Re’s Hartford Steam Boiler Becomes Latest Insurer to Test Commercial Drones
Specialty property insurer Hartford Steam Boiler won an exemption from the Federal Aviation Administration to start using drones for property inspections, underwriting and loss prevention work. The ...
RIMS 2016: Travelers CGL Data Breach Ruling Won’t Impact Cyber Market
What will be the effect of this week's federal court ruling that Travelers Indemnity, under its commercial general liability (CGL) coverage, must defend an insured sued due to a medical records data ...
Markel International Streamlines Structure of Wholesale Business Arm
London-based specialist insurer Markel International said it has streamlined the structure of its wholesale business. The Markel Corp. subsidiary said that the division now has three operating ...
Solid Publicly Traded Reinsurer Results Under Threat: A.M. Best
Reinsurers have been delivering solid operating results, with publicly traded reinsurers currently outpacing the overall equity market – but this good fortune may not be sustainable, given the ...
Are Carriers Facing a Paper Bias for Notices of Cancellation and Nonrenewal?
The insurance industry has been notoriously slow to fully embrace electronic forms of commerce and there may be good reasons for the hesitation. Until recently, antiquated, prescriptive requirements ...