Industry News
Lloyd’s Raising Deductible on Oregon Wildfire Insurance
The state of Oregon has a chance to continue its unique insurance policy that helps pay for fighting wildfires in big burning years—but at a higher premium and deductible. Lloyd's of London has ...
PIMCO Suing AIG; Says Insurer Misled on CDS, Subprime Exposures
Pacific Investment Management Co. accused American International Group Inc. of misleading investors about "colossal" losing bets on unregulated credit-default swaps and subprime debt before the 2008 ...
ACE Absorbs Fireman’s Fund Business and Seeks High-End Canadian Clients
More than three months after ACE Group said it would snatch up Fireman's Fund's U.S. high-net-worth personal lines business from Allianz for $365 million, the deal is finally closed. ACE isn't ...
XL Launching VC Initiative to Fund Innovation
XL Group has announced the creation of a new venture capital initiative, XL Innovate. XL Innovate will be financially backed by XL and will invest in companies that have a strategic focus on ...
AXIS A&H Acquires Ternian Insurance Group
AXIS Accident & Health has acquired Ternian Insurance Group, a provider of voluntary, limited benefit, affordable health plans and other employee benefits coverage for hourly and part-time ...
AXA Says Stricter Insurer Capital Rules May Threaten European Recovery
AXA SA, France's biggest insurer, said plans to impose tighter capital rules on too-big-to-fail insurers will pose a new hurdle to European growth and do little to bolster financial stability. ...
Changing Behavior of American Drivers and the Impact on Auto Insurance
Americans just love driving. They clocked 35,795,000,000,000 miles in 2014 and have far outstripped every other nation in driving mileage. Insurance companies historically have placed a great weight ...
Holes in the Market; Casualty Survey Finds Coverage Gaps to be Filled
While nearly 70 percent of risk managers surveyed are "very satisfied" with their casualty insurance programs, more than one-fifth report some gaps in coverage that they are unable to fill, a recent ...