Industry News
U.S. Regulator Seeking New Accounts of Guardrail Accidents
A U.S. highway regulator opened an Internet portal this week allowing the public to report accidents tied to a Trinity Industries Inc. guardrail system, which has been linked by lawsuits to at least ...
Carrier Management’s Top 10 News Stories of 2014
Five of the top Carrier Management news stories in 2014 ranked everything from insurance industry jobs to the companies themselves, in different iterations. The common link: there's huge interest in ...
Allianz Lead Reinsurer for Downed AirAsia Plane
Allianz SE could be exposed to claims of at least $100 million linked to the AirAsia jet missing off the Indonesian coast with 162 people on board—the third major airline accident it has been ...
RateWatch Reveals Top States for Personal Auto, Homeowners Rate Hikes
Personal auto insurance companies increased their rates by an average of 2.1 percent countrywide in 2014, according to insurance consulting firm Perr&Knight's RateWatch reports. The three states ...
WCRI Study: Pill Mill Reform Fuels Shift from Opioids to Weaker Meds
A law banning physicians from dispensing certain strong opioids discouraged the doctors from prescribing those drugs at all, according to a new study, which also found that the doctors dispensed more ...
Assured Guaranty Buying Bond Insurance Unit from Radian for $810M
Radian Group Inc. agreed to sell its bond guarantor to Assured Guaranty Ltd. for $810 million to free up capital as the company prepares for tighter oversight of mortgage insurance. The deal is ...
CNA Financial Announces Lindemann to Retire
CNA Financial Corp. has announced that Robert Lindemann, president and chief operating officer of CNA Commercial, will retire effective Dec. 31, 2014, after a career spanning more than three decades. ...
XL Group Comes Out With Nuclear/Radiological Event Coverage
XL Group has come out with insurance coverage for chemical, biological, radiological and nuclear events. The insurer's crisis management team is handling the rollout as it did earlier in December ...