Personal Lines
ING’s Former Canadian P/C Arm Thrives With Fewer Catastrophe Losses
Intact Financial Corp, Canada's largest property and casualty insurer, reported a more than four-fold rise in quarterly profit, helped by a sharp fall in catastrophe losses. The company's profit last ...
Endurance Built Up Its Underwriting In a Mixed 3rd Quarter
Endurance Specialty Holdings Ltd. reported a mixed 2014 third quarter stemming from big investments in underwriting and also some remnants from its failed push to snatch up Bermuda reinsurance rival ...
Insurers Come Out Ahead in Court With HUD Disparate Impact Ruling
Property/casualty insurer trade groups won a court victory Monday when a federal judge ruled in their favor that the U.S. Fair Housing Act does not prohibit housing practices including the pricing of ...
CNA Wants 11,000 Former Employees to Give Up Their Pensions
CNA Financial Corp., the commercial insurer majority-owned by Loews Corp., offered lump-sum payments to 11,000 former employees to encourage them to give up their pensions. The program could reduce ...
AAA: Sleepy Drivers Trigger More Auto Accidents Than Expected
Auto insurers take note: Drowsy driving leads to motor vehicle crashes at much higher levels than federal statistics currently suggest, a new study has concluded. The AAA Foundation For Traffic Study ...
The Odds Ex-AIG CEO Greenberg Will Win His Bailout Lawsuit are Increasing
Lawyer David Boies has a shot at an upset win in the trial of Maurice "Hank" Greenberg's $25 billion bailout case against the U.S. government, a turnaround from the weak odds he was given just a ...
Progressive CEO Renwick Laments Drop in New Agency Auto Applications
While Progressive Corp. generally performed well in Q3, Glenn Renwick, chairman, president and CEO of the Ohio property/casualty insurance giant, was starkly unhappy with the 14 percent drop in new ...
Mexico at Risk For Another Potential Pacific Hurricane
With just about a month left in the eastern Pacific's hurricane season, Mexico is once again the target of a tropical system on its western coast. The latest system, Tropical Storm Vance, was ...