Industry News
Primary Rates Pressured as Competitors Price In Lower Re Costs, Zurich’s Kerner Says
A slide in reinsurance rates under competition from catastrophe bonds is starting to weigh on prices that companies like Zurich Insurance Group AG charge their own customers. The decline in the cost ...
AIG’s Hancock Discusses Labor Moves to Philippines, Texas
American International Group Inc., the largest commercial insurer in the U.S. and Canada, is shifting workers to locations including the Philippines and Texas to reduce costs. "We're talking several ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
Anadarko’s $5.15B Environmental Cleanup Plan Gains Judicial O.K.
Anadarko Petroleum Corp.'s agreement to pay $5.15 billion for pollution cleanup across the U.S. was approved over objections from people who said their contamination-related illnesses won't be ...
AIG’s Rehab Continues With Improved S&P Outlook
The rehabilitation of American International Group Inc. continues with news that Standard & Poor's Ratings Services has improved its outlook for the insurance conglomerate. Two years after AIG ...
Pension Fund Stake in Reinsurance Could Soar to $900B, New JLT Re Exec Flandro Says
JLT Towers Re announced the appointment of David Flandro, a former Guy Carpenter executive, as Global Head of Strategic Advisory on Tuesday—days after he gave a talk on the value of buying ...
Google Driverless Cars, Minus Steering Wheels, Redefine Auto Risks
Google Inc is building cars that don't have steering wheels, accelerator pedals or brake pedals, in an ambitious expansion of the Internet company's efforts to develop self-driving cars. The small ...
FTC Urges Congress To Lift Veil on Data Broker Activity
Companies known as data brokers collect and sell information about "nearly all" U.S. consumers, drawing potentially harmful conclusions about them largely without their knowledge, U.S. regulators ...
New Calif. WC State Fund Head Is Zenith, CNA and AIG Vet
The State Compensation Insurance Fund Board of Directors on Tuesday named Vernon Steiner as the new president and CEO of California's largest workers' compensation provider. The appointment is on a ...