Markets
A.M. Best Maintains Negative Outlook For U.S. P/C Commercial Lines
Rating agency A.M. Best said it is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty (P/C) industry, despite relatively solid aggregate results over the ...
Texas Tornadoes Led to Bulk of Dec. U.S. Insured Storm Losses: Aon Benfield
The last 10 days of 2015 turned out to be brutal in terms of weather, contributing to at least $2 billion in insured losses for the month of December, according to Aon Benfield's Impact Forecasting. ...
California Welcomes El Niño-Driven Rain and Snow
Egged on by El Nino, rain is falling across California. While it's welcome, wanted and setting records, it still isn't enough to bust the drought. That doesn't mean the mood is dour because after ...
Hank Greenberg’s CV Starr & Co. Gave $10M to Bush-Friendly Super PAC
Maurice "Hank" Greenberg's insurance company donated $10 million to a super-PAC supporting Republican Jeb Bush's bid for the White House, making him one of the biggest contributors to the 2016 ...
Executives On The Move at CNA, AIR Worldwide and RLI
CNA has a new senior vice president; Verisk Analytics business AIR Worldwide gained a new president; RLI promoted two executives. *** CNA named a Zurich and OneBeacon veteran as its new senior vice ...
AIG CEO Peter Hancock Will Outline His Vision on Jan. 26
American International Group Inc., the insurer that has rebuffed activist investor Carl Icahn's push to divide into three companies, set a Jan. 26 presentation to outline Chief Executive Officer ...
Tianjin Explosions in China Didn’t Prevent Falling Marine Reinsurance Prices
Reinsurance rates in the marine sector continued to fall at the start of the year, in spite of the huge cost of explosions at China's Tianjin port last August, reinsurance broker Guy Carpenter said ...
FitBit Accused of Selling ‘Wildly Inaccurate’ Heart Monitoring Devices
FitBit Inc.'s heart monitoring devices are called "wildly inaccurate" in a lawsuit accusing the company of false advertising. Devices sold by the leading maker of fitness trackers "are mis-recording ...