Industry News
BP Wants Appeals Court To Slash Size of 2010 Gulf of Mexico Spill
BP Plc asked a federal appeals court in New Orleans to review a trial judge's ruling that 3.19 million barrels of oil gushed into the Gulf of Mexico from the company's blown-out well in 2010. The ...
QBE’s North American Business Improves; Group Profitable Overall
QBE Insurance Group Ltd., Australia's second-largest insurer by market value, climbed the most in four years in Sydney stock trading as an improving North American business and lower provisions ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
Australia’s Coal Miners and Farmers Avoid Brunt of Powerful Cyclone
Commodities producers were spared the full wrath of a powerful cyclone that smashed into the east cost of Australia packing winds up to 285 kph (175 mph), but thousands of coastal residents on Monday ...
Google to Face Obstacles Selling Insurance Online, Says Overstock.com CEO
Those now running comparison insurance shopping websites believe that they could be helped if Google enters into the business. The reason: the giant search engine could draw more attention to buying ...
Berkshire Hathaway Specialty and Ironshore Fill Out Singapore Teams
Both Berkshire Hathaway Specialty Insurance and Ironshore International have filled executive positions in Singapore, with a mandate of adding new customers in the Asia/Pacific region. Berkshire ...
Ariel Re Launches Atlanta-Based Facility With $20M U.S. E&S Property Capacity
Bermuda-based Ariel Re is launching Ariel Specialty Insurance Managers (ASIM), a new Atlanta-based surplus lines property insurance underwriting unit. The venture will offer up to $20 million of ...
NCCI CEO Stephen Klingel Will Retire in 2016
The National Council on Compensation Insurance (NCCI) announced recently that President and Chief Executive Officer Stephen J. Klingel plans to retire in February 2016. Kilngel came to the ...
Swiss Re Eyes South Africa For Commercial Insurance Expansion
A division of Swiss Re has expanded into South Africa with a focus on commercial insurance coverage and services for mid-and large-sized corporate clients. Swiss Re Corporate Solutions' advance into ...