Industry News
Rate Slump Has Led to ‘Naive’ Risk Taking: JLT
Jardine Lloyd Thompson Group Plc's Dominic Burke said the worst slump in prices for insurance policies since Sept. 11, 2001 has led some insurers to take on too much risk to win business. Burke, the ...
QBE Forecasts Profit Decline Resulting from Latin America WC Reserve Boost
QBE Insurance Group Ltd. slumped the most in seven months after forecasting an 18 percent decline in first-half earnings due to higher claims in Latin America and competition with other insurers. Net ...
Insurance.com: Most Americans Are Revving Up for Driverless Cars
While driverless cars may be some time from everyday use, most Americans are seriously game to try one. A new Insurance.com survey determined that most Americans are comfortable with driverless cars ...
Berkshire Appoints Prussack VP of New Fiduciary Liability Line
Berkshire Hathaway Specialty Insurance announced Monday that it is entering the fiduciary liability market and has named Rhonda Prussack as vice president to lead the effort. Prussack most recently ...
Hiscox Chair: Re Competition Hurts Pricing
Hiscox Ltd. Chairman Robert Childs said the Lloyd's of London insurer is writing less "big ticket" reinsurance as excess capital pushes rates lower. The second-largest Lloyd's insurer by market value ...
With Premium Refunds in Process, Criticism of Flood Insurance Program Ebbs
Insurance agent, insurance carrier and real estate lobbyists praised federal regulators in charge of the National Flood Insurance Program (NFIP) last week on Capitol Hill, agreeing that the process ...
Aspen Shareholders Vote Down Endurance Proposals
Aspen Insurance Holdings Limited announced Friday that most Aspen shareholders participating in a consent solicitation have rejected two proposals from Endurance Specialty Holdings Ltd, intended to ...
Aon Reports 2Q Reinsurance Sales Drop; Shares Decline
Shares of Aon Plc, the world's second-largest insurance broker by market value, fell the most since 2012 on Friday after revenue missed estimates as reinsurance sales declined. Aon slipped $4.65, or ...