Specialty
Activists Live In ‘Fool’s Paradise’; Don’t Understand Insurance Basics, CEO Says
Even before Carl Icahn amped up the volume on his message to American International Group to make a "drastic strategic shift" last week, questions started to surface about whether other insurers are ...
Seven Ways to Embrace a Customer-Centric Culture
The success of any business depends upon customer satisfaction. The cost of acquisition is high. Retention is vital, particularly in today's volatile market, where competition is driving prices down, ...
Swiss Re Joins Urban Catastrophe Recovery Initiative
Swiss Re is linking with a French utilities company and a U.S. non-profit to help cities better protect key infrastructure and recover more quickly after catastrophe strikes. Specifically, Swiss Re ...
Pentagon Postpones Cyber Security Requirement for 10,000 Contractors
The Pentagon has delayed for almost two years a requirement that as many as 10,000 companies show that they have systems to protect sensitive but unclassified information from cyber-attacks before ...
Liar, Liar: GM Switch Plaintiff Accused of Fibbing Drops Case
The Oklahoma mail carrier at the center of the first trial over General Motors Co.'s deadly ignition-switch defect is dropping his claims after being accused of lying to the court. Robert Scheuer, ...
AIG Faced Investor Pressure Long Before Icahn
American International Group Inc. knows what it's like to be circled by hawks. Under pressure in 2009 to repay the insurer's bailout, company executives were in a race to sell assets. Then Robert ...
Mid-Sized P/C Carriers Increasingly Embracing IT Outsourcing: Novarica
Large numbers of insurers are relying on at least some form of information technology outsourcing to enhance their daily operations, Novarica found in a new survey of industry CIOs. The reason: ...
Acknowledging Predecessor, New Travelers CEO Schnitzer Pledges Continued Innovation
The Travelers Companies reached a major milestone on Jan. 21 when the property/casualty insurance giant holding its first earnings call under new CEO Alan Schnitzer. Executives appeared to go out of ...