Specialty
U.S. Small Commercial Insurance Sector Ripe for Competition: McKinsey
U.S. property/casualty insurers salivating for a market growth opportunity appear to have a clear target in sight: the small commercial sector. It turns out that small commercial has enjoyed steady ...
RLI to Offer Insurance for High-Performance Driver’s Education Events
Specialty insurer RLI Insurance Co. has launched a new product aimed at high-performance drivers, RLI Track Day. RLI Track Day is a single-event policy that provides personal vehicle insurance ...
Zurich Insurance Paid Ex-CEO Martin Senn $6.3M in 2015
Zurich Insurance paid Martin Senn, its former CEO, 6.1 million Swiss francs ($6.3 million) during 2015, down from 7.2 million Swiss francs ($7.9 million) in 2014, the company reported. (The Swiss ...
Insurer Staff Declines Greater Than Anticipated in 2015
Two-thirds of insurers surveyed say they're planning to hire more in 2016, but whether they will actually go through with those plans remains a question. In fact, 14 percent of insurers decreased ...
In Today’s Market, Specialty Insurers Rule: Conning
Specialty property/casualty insurers are now a dominant force in the market and generate more than half of the industry's premiums, Conning Inc. asserts in a new report. Two-thirds of individual ...
MetLife Rolls Out First Commercial Auto Insurance Policy
MetLife Auto & Home has introduced its first commercial automobile policy. The product is now available in Illinois, Indiana and Ohio, with more states planned in the near future. The commercial ...
Liberty Mutual Ended 2015 Bruised by Catastrophe Losses
Liberty Mutual Insurance ended 2015 in the black, but higher losses from catastrophes and other hits hurt its performance during the year. Parent Liberty Mutual Holding Co. booked $411 million in net ...
VW Claims CEO Didn’t Initially Notice 2014 Diesel Emissions Warning Memo
Volkswagen's former chief executive officer was alerted to problems with U.S. diesel emissions tests in 2014, but the issue "did not initially receive particular attention at the management levels," ...