Industry News
Insurers Targeted in Proposed New York Corporate Whistleblower Protection Law
Employees who report illegal activity in insurance, banking and financial services would be protected and compensated for their trouble under new legislation proposed by New York State Attorney ...
Banking Cyber Theft Ring Targeted Millions of PCs in Asia and the U.S.
A cybercrime operation that stole banking information by hacking more than 3 million computers in Indonesia, India and other countries has been disrupted by European police with assistance from three ...
Allianz P/C Earnings Hit Below Expectations
German insurer Allianz raised its dividend by less than expected after earnings in its core property and casualty insurance businesses lagged and asset management stalled following client defections ...
More Job Cuts Coming to RSA as Uncertainty Over Outlook Spooks Investors
RSA Insurance Group Plc's Stephen Hester delivered a full-year profit, restored dividends and stepped up cost cuts that will result in more job losses. The shares still tumbled more than 5 percent in ...
XL Group Predicts More Global Regulations When Catlin Deal Concludes
XL Group Plc, the insurer that agreed to buy Catlin Group Ltd. for about $4 billion, said it faces a risk label after the deal that could lead to increased oversight from global regulators. ...
2014 Insured Catastrophe Losses Lowest Since 2009: Guy Carpenter
Insured losses in 2014 totaled about $33 billion, the lowest level since 2009 and well below the 10-year average of $59 billion, according to Guy Carpenter's annual Global Catastrophe Review. Fifty ...
Berkley Scolds Insurers For Being ‘Cheap’ As Google Nips At Their Heels
With Google apparently getting into the auto insurance business, W.R. Berkley Corp's legendary CEO is taking the insurance industry to task for being "cheap" and slow to anticipate change. "We are a ...
Allstate Is The Latest P/C Insurer to Pursue Texas Expansion
Allstate Insurance Company said it wants to bring close to 300 additional jobs to Texas focused on both agency ownership and sales. The U.S.'s largest publicly held personal lines insurer explained ...