Markets
Transatlantic Trade Pact Would Fuel Big Gains for U.S. Industries, Insurance
A comprehensive Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union would significantly boost exports from 14 key U.S. industrial sectors, according ...
Consortium of 20 Insurers Offers Coverage for Derivatives Clearinghouses
A group of insurers is for the first time offering to shoulder risk for clearinghouses backing hundreds of millions of derivatives trades, proposing more protection in markets where a collapse could ...
XL Group Launches Automotive Recall Plus
The global insurance segment of XL Group plc last week announced the launch of Automotive Recall Plus, designed for the automotive supplier industry in Germany, Austria and Switzerland. The new ...
February Storms’ Insured Losses Top $1.5B Globally: Aon Benfield
The latest Global Catastrophe Recap report from Aon Benfield's Impact Forecasting reveals that February storms led to insurance payouts of more than $1 billion globally. Japan experienced record ...
Senate Leaders Look to Quickly Pass U.S. House Flood-Insurance Measure
Senate leaders are seeking agreement to quickly pass a House flood-insurance bill to avert steep premium increases for property owners in coastal states such as Florida, Louisiana and New Jersey, ...
Mortgage Insurers Form New Trade Group
Six U.S. mortgage insurers, including units of Radian Group Inc. and Genworth Financial Inc., formed a lobbying association to push for a broader role for the industry in a revamped housing-finance ...
From the Front Lines to the C-Suite: Farmers’ David Travers
When he was taking policyholder phone calls as a customer representative for a direct writing carrier 26 years ago, David Travers did not have designs on a position in the C-suite of an agency ...
Fitch Sees Rise in Demand for Private Flood Insurance
As federal subsidies for flood insurance are reduced and the cost of government provided insurance goes up, the demand for private flood coverage could also rise, according to Fitch Ratings. However, ...