Markets
A.M. Best: Smaller Insurers Carry Advantage in Emerging Markets
In developing parts of the word, insurance carrier-size matters, but not in the way you might think. While large companies are making gains, smaller carriers are particularly thriving under the ...
Lloyd’s 2014 Profit Steady at $4.9B; Combined Ratio Below 90
On Thursday, Lloyd's announced a pretax profit of $4.9 billion, or £3.2 billion, with a return on capital of 14.7 percent and a combined ratio of 88.1. The profit figure was level with the 2013 ...
EPA to Require Health Data on Nano Versions of Chemicals in Use
The U.S. Environmental Protection Agency announced last week that the agency is proposing one-time reporting and recordkeeping requirements on nanoscale chemical substances in the marketplace. ...
Supreme Court Revives Pregnant UPS Driver Case
The U.S. Supreme Court last Wednesday sided with a former driver for UPS Inc. by throwing out a lower court ruling blocking her lawsuit accusing the package delivery company of discrimination for ...
Hochberg Moves Up as CEO of JLT Re in North America
Global reinsurance broker JLT Re announced last week that Ed Hochberg has been appointed as CEO of JLT Re in North America. Hochberg, who joined JLT Re as part of the 2013 Towers Watson Re ...
Risky Snapshot Drivers May See Rate Hikes, Progressive Says
Progressive Corp., the fourth-largest U.S. auto insurer, said it will begin increasing rates for some risky customers who participate in a program that allows the company to electronically monitor ...
Federal Reserve May Slow Implementation of National Capital Rules
The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records ...
Large Underwriters Not Yet Drawn to Google’s Auto Insurance Distribution Plan: Nomura
Google plans to tackle auto insurance distribution in the U.S. are making waves, but they haven't yet attracted interest from large underwriters, Nomura noted in a new industry report. "GEICO, ...