Industry News
Sony Pictures Enlists Employees to Screen for Stolen Data Use
Sony Pictures Entertainment advised its current and former employees to be on the alert for fraudsters looking to use their stolen data, which included detailed personal information. In what is ...
Watch Out Allstate: Progressive Adds Home Coverage With $875M ARX Buy
Progressive Corp., the fourth-largest U.S. auto insurer, is expanding in home coverage to challenge rivals including Allstate Corp. that are better known for bundling different types of policies. ...
More Bad News for Reinsurers: Underperforming Stocks
Stocks for 20 publicly traded reinsurance companies performed far worse than the overall market for the first nine months of 2014, according to an equity trend analysis from A.M. Best. The analysis ...
Lobbying Onslaught Counters TRIA Renewal Stumble
It is in the Senate's hands to extend the Terrorism Risk Insurance Act, or TRIA, a law that establishes federal reinsurance in case of a terrorist attack, but legislative disputes threaten to prevent ...
Insurance Tech Companies Majesco and Cover-All Plan to Merge
Insurance tech-company Cover-All Technologies plans to merge with rival Majesco, a deal that will create an operation with $100 million in annual revenue and a global reach. Majesco (formerly ...
UPC Insurance to Acquire Family Security Holdings
United Insurance Holdings Corp. (UPC Insurance) said it plans to acquire Family Security Holdings LLC for $9 million. The transaction is expected to close by Jan. 31, 2015. FSH is an insurance ...
China Insurance Broker Expands Employee Share Issue
China-based insurance broker CNinsure Inc. said it is boosting a new share issue to employees. The independent insurance intermediary company said it is expanding the issue from up to 100 million to ...
Aon Benfield Cites 2014 as Record for Property Catastrophe Bond Issuance
Total property catastrophe bond issuance for 2014 stood at $8.03 billion as of Dec. 12, a new record for annual insurance-linked securities, Aon Benfield Securities said. That new milestone hit with ...