Industry News
Pet Insurance Sales Soar Past Accident & Health Cover
Maria Makara didn't hesitate to insure her two new dogs. That's because they're family. Her previous pet, a Yorkshire terrier, died in 2013 after contracting pancreatitis and Cushing's disease. ...
Hamilton Acquiring Lloyd’s Sportscover
Hamilton Insurance Group said today that it has entered into a share purchase agreement to acquire Sportscover Underwriting Limited, a Lloyd's managing agent which manages Syndicate 3334, and Kinetic ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
Report: Feds Won’t Call Ex-AIG CEO Greenberg to Testify in Bailout Trial
It looks like the U.S. government won't be calling ex-AIG CEO Maurice "Hank" Greenberg to testify in his $25 billion-plus lawsuit over federal bailout funds the insurance giant was forced to take ...
FHA Mortgage Insurance Fund Erases Shortfall
A U.S. government agency that guarantees millions of mortgages has built up $6.1 billion in capital over the last year, erasing a shortfall experienced in 2013, when its reserves were so low that it ...
U.S. P/C Small Business Insurance Market Ripe for Consolidation: Conning
If heavy competition breeds consolidation, then property/casualty small business insurance is ripe for it in the coming years. Here's why: Both large and small insurers devote lots of attention to ...
AssureStart Expands Online Small Business Sales to Six More States
Online small business insurance provider AssureStart announced last week that it is now open for business in six additional states: Alabama, Georgia, Idaho, Maine, Nebraska and North Carolina. ...
Air Bag Accident Victims Unable to Access Details of Other Settlements
Confidential settlements over defective Takata Corp. air bags are sealing off relevant information that other victims could use to pursue injury claims. The accords make financial sense for the ...
HSBC Will Reimburse Turkey Customers Hurt by Cyber Attack
HSBC Holdings Plc's Turkish unit said it will reimburse customers if a cyber-attack that caused the leak of 2.7 million people's data leads to fraud. While the information "isn't sensitive enough to ...