Industry News
AIG’s Hancock to Get $11.8M Pay Package as CEO
American International Group Inc.'s Peter Hancock will get a compensation package of $11.8 million a year as the insurer's new chief executive officer. The short-term incentive will be $3.2 million ...
Insurers Struggling With Cyber Risk Market; Staffing an Issue
Insurers are eagerly eyeing exponential growth in the tiny cyber coverage market, but their lack of experience and skills handling hackers and data breaches may keep their ambitions in check. ...
Ridesharing Lyft Blocked by NYC Restraining Order; Insurance Law Defiance Cited
New York officials say they've obtained a temporary restraining order against Lyft, the on-demand ride-sharing app, from operating in New York City. The attorney general's office and the Department ...
Infrastructure Investments Lack Political Support: Allianz
Allianz SE said a lack of political support prevents investors from contributing more money to infrastructure projects such as roads or power and gas grids. "Politicians are still convinced ...
Low 1st Half Cat Impact: Top Asia, U.S. Losses Have Climate Link: Munich Re
Insured losses in the first half of 2014 were $17 billion, considerably below the $25 billion average over the past 10 years, according to Munich Re's 2014 Half-Year Natural Catastrophe Review. ...
Ridesharing Services: Insurers Slow to Grab the Wheel to Offer Coverage
Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation. Tracking the demand upsurge, new ...
Zurich Restructures Contract Surety Teams to Align with Mid-Market, National Customers
On Thursday, Zurich North America announced the creation of two dedicated contract surety teams focused on specific customer segments—one for middle market contract surety and one for large ...
Valen Analytics Releases New ‘Risk Score’ for Workers Comp Insurers
Valen Analytics, a provider of proprietary data, analytics and predictive modeling to help insurers manage and drive underwriting profitability, has announced its new Risk Score for workers ...