Industry News
Uber Drivers’ Lawsuit Got Significantly More Costly
Uber Technologies Inc. drivers seeking to be treated as employees won a ruling that adds tens of thousands of them to the case and may put hundreds of millions of dollars more at stake. A judge's ...
Specialization Key for Personal Lines Insurer Growth: Conning
Personal lines insurers don't need to be big in order to excel, according to a new study. In fact, only two companies on Conning Inc.'s list of Growth and Profit Leaders are in the top 10 for either ...
Updated: Venezuela Volatility Hurt Liberty Mutual’s Q3
Liberty Mutual Holding Company continued to deal with the volatile Venezuelan market during the 2015 third quarter, from which it is pulling back. It also faced some energy related losses during that ...
Executives On The Move at Hiscox USA, BHSI, Allied World and Novarica
Hiscox USA has a new head of claims; Berkshire Hathaway Specialty Insurance brought on a new exec for its Asia surety expansion; Novarica has a new vice president. Berkshire Hathaway Specialty ...
‘Monster’ El Nino Could Produce More and Stronger Events Over Next Decade
In Buffalo, it hasn't snowed yet this year. A Duluth, Minnesota, newspaper reported that the temperature was 40 degrees above zero, not below. And in Miami, beachgoers are staying indoors during ...
Famed Banking Analyst Whitney Takes Role at Arch Capital
Running a hedge fund didn't work out for Meredith Whitney, once one of the most famous banking analysts in the U.S. So she's starting fresh at a Bermuda-based insurer. Whitney has begun at Arch ...
British Insurers Revamp Models After Repeat 100-Year Floods Defy Expectations
British insurers could have to pay out up to 250 million pounds ($375 million) in claims to owners of homes and businesses, industry specialists said on Monday, after the northwest of England ...
India Floods Cost $3B in Economic Losses: Aon Benfield’s Impact Forecasting
Weeks of torrential rainfall in southern India and Sri Lanka caused an estimated $3.0 billion in total economic damages during November 2015, with $300 million in reported insurance claims, according ...