Specialty
American Modern to Pull Out of Lender-Placed Insurance
American Modern Insurance Group plans to get out of the lender-placed insurance business, with a wind-down of the division set to take place over the next two years. The Ohio-based residential ...
How Telematics Saves on Claims, Improves Customer Experience
Insurers that are not already using the data from their telematics programs for claims would be wise to do so early in their adoption of telematics, as the task only becomes more difficult as more ...
Record Takata Air Bag Recall Could Grow Larger Still
The U.S.'s auto safety regulator said it's investigating all Takata Corp.air-bag inflators that use a chemical propellant banned from future models and will compile data to determine whether to ...
Executives On The Move at RenaissanceRe, QBE, Hamilton and Everest Re
RenaissanceRe is losing a longtime board member and gaining a new one. QBE North America hired a veteran Zurich exec as its new chief claims officer. Everest Re named its latest deputy chief ...
S&P Frees GEICO, National Indemnity, Gen Re from CreditWatch Negative Status
Berkshire Hathaway's insurance subsidiaries are no longer on CreditWatch Negative with Standard & Poor's. The ratings entity removed National Indemnity Co., GEICO and General Reinsurance Corp. ...
A.M. Best 2016 Prediction: Lower U.S. P/C Underwriting Profit With Market Cracks
U.S. property/casualty insurers, fresh off a third consecutive year of underwriting profit in 2015, will likely achieve this again in 2016. At the same time, the market will develop some cracks along ...
Allianz Boosts Profit but Catastrophe Loss Claims Soar
Allianz SE missed analyst estimates for fourth-quarter profit because of claims from natural catastrophes. Net income at Europe's biggest insurer increased to 1.42 billion euros ($1.6 billion) in the ...
Zurich Insurance Is Reportedly Planning to Sell Morocco, South Africa Units
Zurich Insurance Group AG has started a process to sell its units in South Africa and Morocco as it works toward turning around its money-losing insurance operations, according to people familiar ...