Industry News
Nationwide’s ‘Dead Boy’ Super Bowl Ad Stirs Controversy
Nationwide Insurance defended its Super Bowl ad featuring a "dead" boy, saying on Monday that it was intended to start a conversation about preventable accidents, not sell insurance. The ad, labeled ...
Enstar Closes $218M Buy of South Carolina P/C Outfit
Bermuda-based Enstar Group Ltd. has completed its $218 million acquisition of Companion Property and Casualty Insurance Company from Blue Cross Blue Shield of South Carolina. A bank loan facility ...
Chicago Winter Storm Stalls Air Traffic and Advances to the Northeast
A winter storm shutting down air traffic in Chicago and threatening the city with blizzard conditions will drop snow on the eastern U.S., including New York, during the Monday morning commute. Winds ...
Uber Internal Review: Privacy Program Needs Improvement
Uber Technologies Inc. should expand its privacy program to improve disclosures, training and employee accountability, according to an internal review that the company commissioned after a ...
Ohio Mutual Insurance’s Long-Time CEO is Retiring
Ohio Mutual Insurance Group is on the hunt for a new leader, a process set in motion by the announcement that its long-time president and CEO plans to retire by the end of 2015. Jim Kennedy has been ...
Chubb’s Combined Ratio Improves, But Q4 Profit Dips
Chubb Corp., the insurer of high-end homes and mega-yachts, said fourth-quarter profit fell 1.9 percent as investment income declined. Net income dropped to $558 million, or $2.35 a share, from $569 ...
The Program Market is Drawing New Interest, But Not All Competition is Good
The program insurance business market has enjoyed years of growth and appears on track to continue its expansion. However, while program business is attracting new interest, some participants are ...
The Hanover’s Diversification Earns a Standard & Poor’s Ratings Upgrade
The Hanover Insurance Group got a ratings upgrade from Standard & Poor's, which cited continued strategies at the Massachusetts-based insurer designed to reduce risk and improve its bottom line. ...