Markets
A.M. Best Affirms Greenlight Re at A; Upgrades Ireland Unit
A.M. Best announced Thursday that the rating agency has upgraded the financial strength rating (FSR) of Greenlight Reinsurance Ireland, Limited (Ireland) to "A "(excellent) from "A-"(excellent). The ...
WCRI Study Looks at California’s Workers Comp Reforms
When California Senate Bill 863 took effect Jan. 1, 2013, it created several fee schedule changes in the California workers compensation system. The Workers Compensation Research Institute released a ...
State Farm Seeks to Test Drone Use for Damage Response in Illinois
State Farm insurance company is seeking federal approval to test drones in evaluating property damage and responding to natural disasters. The (Bloomington) Pantagraph reported that the ...
Aon Benfield Study Sees Positive Return Outlook for U.S. HO Insurers
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has announced the release of its 2014 Homeowners ROE Outlook report, which sees trends emerging that support a ...
QBE NA Appoints Kronenberg, Former XL Environmental CEO, to Board
QBE North America has appointed William Kronenberg III to its board of directors. With nearly 40 years of experience in the insurance industry, Kronenberg is well suited to assist in enhancing QBE's ...
Erie Insurance Group CEO (and Chubb Veteran) Named PCI’s New Chairman
Erie Insurance Group President and CEO Terrence Cavanaugh is the Property Casualty Insurers Association of America's new chairman, following elections at the PCI Annual Meeting in Scottsdale, Ariz., ...
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 ...
Hamilton Re Moving Full Steam Ahead With Expansion, Technology Initiatives
"Bursting at the seams." That's the phrase Kathleen Reardon, CEO of Hamilton Re, used to describe the current state of affairs for the company she heads in Bermuda—a description that also captures ...