Industry News
Where Insurers Rank Among World’s Top Brands: 2016
Allianz is the only global insurance organization that ranks among the top 50 most valuable brands in the world, but even the German company failed to garner the highest brand rating of AAA+ awarded ...
P/C Net Income Soared in Much of 2015; Investments Remained a Struggle
Property/casualty insurers saw their net income and profitability soar during the first nine months of 2015, though the challenging investment environment reduced yields. Those findings are part of a ...
Starr Launches Insurance and Related Services for Cuba Travel
Starr Cos. announced that it is now offering travel insurance and assistance services for travel to Cuba. The plans provide trip cancellation and trip interruption insurance as well as accident and ...
Report: AIG May Exit At Least 50 Percent of Hedge Fund Investments
American International Group Inc. plans to exit at least half the hedge funds in which the insurer is invested, according to people familiar with the company's portfolio. The insurer has holdings in ...
Cyber, Homegrown Terror Are Top U.S. Security Threats: Intelligence Official
Disruptions in cyberspace and attacks by "homegrown" terrorists are the most imminent security threats facing the United States in 2016, James Clapper, the top U.S. intelligence official, told two ...
Lloyd’s, XL Catlin, Munich Re Among Lemonade’s Reinsurance Backers
Peer-to-peer insurance startup Lemonade said it has signed on several global reinsurers, including Lloyd's of London, XL Catlin and Berkshire Hathaway's National Indemnity. Everest Re, Hiscox and ...
U.S. P/C Insurance Employment Dipped in December: I.I.I.
P/C insurance carrier employment in the U.S. declined in December, continuing a generally downward trend going back 18 months, the Insurance Information Institute said in a special report. The number ...
Taiwan Quake Death Toll at 37; More Than 100 Still Missing
The number of confirmed deaths in a weekend earthquake in Taiwan edged up to 37, with the final toll estimated to be much higher as more than a hundred people were still reported missing. Efforts to ...