Industry News
Allied World Makes Buy in Bid to Boost Its Specialty Coverage
Allied World Assurance Company Holdings is making an acquisition designed to boost its specialty coverage business involving trade credit and political risk. The Swiss property/casualty and specialty ...
General Motors Dogged By More Ignition Switch Injury Claims
A program to compensate the victims of a faulty ignition switch in General Motors Co vehicles found last week that the part was linked to two additional deaths and four injuries, bringing the total ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
Insurance Tech Firm Ebix Faces Activist Investor Seeking Changes
Ebix Inc., a software supplier to the insurance industry, is being targeted by activist investor Barington Capital Group LP, which is seeking talks to nominate additional board members. Barington ...
An Arctic Blast Returns the P/C Industry to Winter Cat Risks
An arctic blast began to dump heavy snow in parts of the northern Rockies, Plains and the Great Lakes regions on Monday and meteorologists said temperatures are expected to plummet throughout the ...
Hiscox Reinsurance Portfolio Plunges by Double Digits
Hiscox Ltd. gives a sobering example of how damaging the ever-softening reinsurance market has become. The Lloyd's of London specialist insurer said it has experienced double-digit drops in its ...
The Hanover Picks Lavey As Its New Head of Personal Lines
The Hanover Insurance Group has a new president in charge of personal lines coverage. He's a veteran executive of the Massachusetts-based U.S. property/casualty insurer who initially came on board a ...
Questions About ERM Linger Over International Fidelity Insurance: A.M. Best
Although A.M. Best has affirmed the "A-"International Fidelity Insurance's "A-" financial strength rating, the rating agency said it has assigned a negative outlook to the ratings for IFIC and ...
The Wealthy Take a Risk on Post-Hurricane Sandy Jersey Shore
When Hurricane Sandy roared through New Jersey two years ago, it not only tore up the shoreline. It also pushed out much of the middle class. From Ocean City to Toms River, one-story cottages and ...