Industry News
Alleghany’s TransRe Commuting A&E Cover; Paying AIG, Berkshire $400M
Weston Hicks's Alleghany Corp. will pay $400 million to wind down reinsurance deals with American International Group Inc. and Warren Buffett's Berkshire Hathaway Inc. for policies that date back ...
Anadarko Petroleum Must Pay Nearly $160M for 2010 Gulf Spill, Below U.S. Wishes
Anadarko Petroleum Corp. was ordered to pay almost $160 million for its role as part-owner of the doomed Gulf of Mexico well that in 2010 caused the biggest offshore oil spill in U.S. history. The ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Zurich’s CEO Senn Steps Down; de Swaan is Interim Leader
Martin Senn, the chief executive officer of Zurich Insurance Group, is stepping down after six years in the position. According to a company statement, Senn and Zurich's board of directors have ...
Cyber Attacks Becoming Significant Threat to Insurer Credit Quality: A.M. Best
Insurance rating agency A.M. Best still considers natural catastrophe losses to be the primary threat to the financial strength and credit quality of property/casualty insurers, but cyber-attack ...
Hurricane Stats Tallied as Atlantic Season Ends
While meteorologists were on target with their predictions of a below-normal Atlantic hurricane season, there was some activity to report, according to the Insurance Information Institute. I.I.I. ...
Allianz Among Few Cos. Linking CEO Pay to Carbon Cuts: Bloomberg Analysis
There's a provision in Jean-Pascal Tricoire's compensation deal that sets him apart from most chief executive officers: the more Schneider Electric SE cuts carbon emissions, the bigger his paycheck. ...
States Graded ‘A’ to ‘F’ for Weather Preparedness
Many states across the country are unprepared to face the risks posed extreme heat, drought, wildfires, inland flooding, coastal flooding and other extreme weather events, according to a new report ...
A Little Surety History: Zurich NA Marks 125th Anniversary
Maryland Gov. Larry Hogan honored Zurich North America last month by presenting a proclamation to commemorate the 125th Anniversary of Zurich Surety. Al Redmer, Jr., the insurance commissioner of ...