Personal Lines
Wells Fargo Reaches $1.2B Settlement in U.S. Govt. Mortgage Suit
Wells Fargo & Co admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a U.S. Department of Justice ...
Breaking the Cycle of Reduced Profitability
The property/casualty insurance industry is wrestling with a troubling paradox: how to cut costs without compromising quality. The U.S. P/C Composite rate was down 4 percent in December 2015, ...
European Insurance Industry Fintech Upgrades Threaten Thousands of Jobs
The rush is on to replace people with software in Europe's insurance industry as cost cutting and automation become increasingly crucial to bolstering earnings. Zurich Insurance Group AG is ...
Executives On The Move at Chubb, BHSI, Great American, PCI and More
Berkshire Hathaway Specialty Insurance hired a veteran AIG executive. Chubb promoted one of its own to a leadership position in its North America Commercial Insurance division. Great American ...
Hartford CEO Swift Made $10M in 2015, Almost Double the Previous Year
Hartford Financial Services Group Inc. said that Chief Executive Officer Chris Swift's pay package nearly doubled to $10 million for last year as stock awards climbed. The compensation included a ...
Chubb CEO Greenberg Predicts Economic Trouble as Debt Financing Unwinds
Evan Greenberg, the chief executive officer of insurer Chubb Ltd., said companies may find it difficult to obtain financing after central banks have propped up economic growth for years, likening ...
YouTube, Twitter Helped Activate Initial P/C Insurance Millennial Recruiting Effort
Aided by Twitter, YouTube and other social media, insurance industry groups and executives working jointly to attract more millennials assert their initial push in February made some significant ...
AIG Reportedly Will Eliminate 125 UK Jobs, Following NYC Cuts
American International Group Inc., the insurer under pressure from activist investors, may eliminate about 125 positions in the U.K. as it scales back in certain countries and moves jobs to ...