Industry News
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. ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
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 ...
FBI Closes In on Anthem Data Hackers
The FBI said it's close to finding the hackers responsible for the attack on health-insurance company Anthem Inc. that exposed personal data on about 80 million customers. Federal Bureau of ...
More Digital U.S. Health Data is Increasing Medical ID Theft
Medical identity theft jumped 22 percent last year as more U.S. health data becomes electronic and easier for cyber criminals to steal from doctors' offices, hospitals and insurers. Incidents of ...
Chubb: Collectors Boost Treasures But Not Homeowners Coverage
Art and antique collectors are buying more treasures, but not necessarily increasing their homeowners or renters insurance coverage to accommodate those high-value items, the Chubb Group of Insurance ...