Personal Lines
PwC Settles Negligence Lawsuit Over MF Global’s 2011 Collapse
PricewaterhouseCoopers LLP has settled a $3 billion negligence lawsuit over the October 2011 collapse of MF Global Holdings Ltd, the futures and commodities brokerage once run by former New Jersey ...
For Insurers, Thunderstorm and Hurricane Losses Leave Equal Financial Impact
Risk to U.S. property from thunderstorms is as high as from hurricanes, according to new research finding that for the past decade, severe convective storms have been the largest annual aggregated ...
P/C Insurers, Reinsurers, Saw 2016 North America Operating Earnings Decline
Property/casualty insurer and reinsurer operating earnings in North America dipped in 2016, hammered by factors including higher catastrophe losses, low investment yields and underwriting ...
Executives On The Move at XL Catlin, CNO Financial and RLI
XL Catlin promoted an executive to lead an important part of its Excess & Surplus insurance arm. CNO Financial Group made a number of executive changes within its organization. RLI Corp. promoted ...
Warm Arctic Temperatures Will Lead to More Extreme Weather
Unusually warm weather in the Arctic is helping shift weather patterns this year from North America to the Middle East, after global warming shattered records in 2016, according to the World ...
Trump’s Proposed Flood Map Program Cuts Could Trigger Higher Insurance Rates
A proposal by the Trump administration to cut $190 million in funding for updating U.S. maps of flood-prone areas would trigger higher insurance rates or more homebuilding in risky locations, a ...
Large, Tech-Savvy Insurers Will Excel With Big Data; Smaller Carriers Face Struggles
The insurers that will best incorporate data analytics into their daily operations have multinational scale and are already technology savvy in their underwriting practices, Fitch ratings concluded ...
A Struggling AIG Might Need Substantial Pay for Its Next CEO
American International Group Inc.'s new chief executive officer can expect to deal with a volatile industry, pressure from ratings firms and a restless board. And if the past is any guide, the new ...