Specialty
AIG’s Duperreault Promises a Full Year of General Insurance Underwriting Profit, Catastrophes or Not
American International Group President and CEO Brian Duperreault insists that the insurer's General Insurance unit will generate an underwriting profit through all of 2019. During the insurer's May 7 ...
The Latest Launches From International General and AmWINS
International General Insurance Holdings Ltd. now offers intellectual property insurance. AmWINS Group Inc. and its newly acquired MGA started a commercial property flood product designed to end ...
Nationwide, Ryan Specialty Form New Bermuda Reinsurer
Ryan Specialty Group (RSG) and Nationwide announced they have formed a new Bermuda reinsurance company, Geneva Re Ltd. Columbus, Ohio-headquartered Nationwide will own 50 percent of the venture with ...
Carriers, Agents Gain Plenty by Keeping Small Biz Customers Happy With Claims Processing
If carriers and agents can handle their small business clients' claims well, they could be better positioned to keep their customers happy. Approximately 94 percent of small business owners who said ...
Two Exxon Shareholders Won’t Support Directors Due to ‘Inadequate’ Climate Change Response
Two Exxon Mobil Corp shareholders said on Friday they would withhold their support for the re-election of all ExxonMobil directors at the company's annual meeting due to the U.S. oil major's ...
State Farm, Allstate Sue Doctors and Pain-Management Clinics, Alleging Billing Fraud
Two insurance carriers filed separate lawsuits recently against medical doctors and their pain-management clinics, accusing them of submitting bills for unnecessary medical procedures performed on ...
‘Project Owl’ Wi-Fi Network May Be Easy Way to Save Lives During Natural Disasters
From a cramped living room in Brooklyn, New York, a handful of young computer nerds has developed a new way to use technology to help save lives in natural disasters. They have designed tiny ...
Warren Buffett Cautions U.S-China Trade War Would Be ‘Bad for the Whole World’
Warren Buffett said on Monday that a trade war between the United States and China would be "bad for the whole world." Buffett spoke after U.S. President Donald Trump tweeted on Sunday that he will ...