Industry News
AIG, Allianz and 7 Other Giant Insurers to Start Reporting Capital Ratios
Nine too-big-to-fail insurers, including American International Group Inc., Allianz SE and MetLife Inc., must start reporting capital ratios next year using a method presented by regulators today. ...
Insurers Quoting With and Without Ebola Risk on Impacted Businesses
As fear of Ebola infections spreads to developed economies, U.S. and British insurance companies have begun writing Ebola exclusions into standard policies to cover hospitals, event organizers and ...
You are shopping for a new refrigerator. How do you choose? One is the right size from a durable brand...
Rate Hikes Barely Keeping Up With Loss Costs: ACE CEO
After reporting a third-quarter combined ratio nearly 14 points below breakeven, and just about equal to the figure reported in last year's third quarter, the leader of ACE Limited predicted that ...
Ex-AIG CEO Martin Sullivan to Join Navigators Subsidiary Board
A veteran executive who once ran AIG and helped guide Willis Group Holdings, Plc. is joining the board of directors for a subsidiary of The Navigators Group, an international specialty insurance ...
Hurricane Gonzalo Insured Loss Estimates Coming In
No question about it: Hurricane Gonzalo did some big-time damage when it hit Bermuda on Oct. 17. Two catastrophe-modeling firms are already estimating that insured losses will be substantial. EQECAT ...
Workers Comp Writers Using More Mobile Device Apps and Other Tech Advances
Workers compensation insurers are increasingly turning to mobile device applications and other technology innovations in their bid to remain a force in the industry and serve their clients, Novarica ...
P/C Insurers’ Reserve Redundancy to Continue: Moody’s
U.S. property/casualty insurers' reserves will remain moderately redundant through the end of the year, Moody's Investors Service has reported. "We expect moderately redundant reserves based on ...
ACE CEO Said Ebola Risk Underwriting Approach is ‘Common Sense’
ACE Chief Executive Officer Evan Greenberg blasted news reports about his company's stance on Ebola risks as "sensationalized." In response to an analyst's question on the issue during an earnings ...