Markets
Fitch Notes Realized Benefits of Kemper’s $1.3B Infinity Acquisition
Kemper Corp. earned some kudos from Fitch Ratings over its improved financial strength, and a subsidiary gained an outlook upgrade. Specifically, Fitch affirmed Kemper's "A-" (Strong) financial ...
PartnerRe Reorganizes Property & Casualty Arm Into 3 Regional Units
PartnerRe plans to reorganize its Property & Casualty arm into a regional structure and will make several changes to its executive leadership team as part of that process. Effective April 1, ...
UK Likely to Vote for Brexit Postponement After May’s Deal Rejected Again
U.K. Prime Minister Theresa May's Brexit deal was rejected once again by Parliament, throwing the country deeper into political crisis and raising the prospect that the divorce will be delayed or ...
Insurers Get Apology From Attorney Responsible for Giant Workers Comp Fraud
Sean Enrique O'Keefe said he started out as a "humanistic attorney," but he became a mercenary and then a criminal who netted $700,000 a year by sending San Diego workers compensation claimants to ...
Boeing Shareholders Endure Stock Market Plunge as More Countries Ground 737 MAX 8 Planes
Boeing Co's fall in stock market value this week soared past $20 billion on Tuesday as more countries including the United Kingdom grounded the plane maker's 737 MAX 8 aircraft following Sunday's ...
Insurance Rates Could Climb in Flood-Prone Areas Under Trump Administration Plan
Flood insurance premiums could rise and property values fall in the most deluge-prone areas under a plan the Trump administration intends to roll out in coming weeks to change the way risk is ...
Visions of Commercial Transportation: The Future of Commercial Auto Insurance Is Here
For several years now, the commercial auto segment has been among the property/casualty insurance industry's worst performing lines. Wounded by a sharp uptick in claims frequency and severity and ...
Executives On The Move at BHSI, Root Insurance and Lockton
Veteran executives from AXA and Zurich Insurance are joining Berkshire Hathaway Specialty Insurance to handle some of its business in the UK and Ireland. Root Insurance hired a veteran campaign ...