Industry News
What’s Ailing Zurich Insurance?
Change is underway to reshape some ailing General Insurance business at Zurich Insurance Group, according to the new chief executive for the unit, who described a corrective focus on profitability ...
Berkshire’s Q3 Buoyed by Investment Gains as Reinsurance Earnings Decline
While overall net income for Berkshire Hathaway more than doubled in the third quarter on the strength of more than $5 billion in investment gains, operating earnings from insurance businesses fell ...
Top 10 Market Conduct Actions Against P/C Insurers: Claims Mgmt. Leads
Slow claim handling, the use of unapproved rates and a failure to provide required compliant disclosures top the list of market conduct actions taken against U.S. property and casualty insurers in ...
Mexico Cat Bond Likely to Pay on Hurricane Patricia Losses: S&P
Bonds sold by Mexico to shield it from the cost of repairing hurricane damage are closer to paying out after the biggest storm ever measured in the Americas struck the country last month, Standard ...
New Verisk Tool Reveals IDs Phantom Garagers, Confirms Mileage
Auto insurance companies now have a tool that lets them verify the garaging address of a vehicle, confirm the driver's commuting mileage and obtain loss costs and premium differentials for the ...
Willis, Towers Watson Shore Up Merger Support Ahead of Nov. 18 Vote
Willis Group Holdings and Towers Watson, facing some opposition, are working aggressively to shape stockholder opinions in favor of their proposed merger in advance of a Nov. 18 shareholder vote ...
A.M. Best Downgrades Century Casualty Company to B
A.M. Best downgraded the financial strength rating Century Casualty Company to B (fair) from B+ (good), the Oldwick, N.J.-based rating agency announced last Thursday. Concurrently, Best revised the ...
Toyota Launches $1B Center Focused on Creating Smart Cars That Don’t Crash
Toyota Motor Corp. is spending $1 billion to form a research institute focused on the artificial intelligence and robotics technology it needs to make cars that can overcome driver errors and reduce ...