Industry News
Train Carrying Crude Oil Tanks Derails in Central Va.
A CSX Corp. crude train derailed in Lynchburg, Va., sparking a fire in at least one tank car, spilling oil into a river and triggering a partial evacuation of the city's downtown. No injuries were ...
ACE Advances Thailand Acquisition After a Robust Q1
Earlier this week, ACE Ltd., working with a local partner, finished its acquisition of a 60.9 percent stake in a general insurance company in Thailand. Chairman and CEO Evan Greenberg said Wednesday ...
The Hidden Cost of Standing Still: Legacy Platforms Slow Growth and Halt the Shift to AI-Enabled Insurance Business
Presented by Majesco
There is a hidden disease that is killing insurers — the disease of legacy technology. The problem is a matter...
Munich Re CEO Blames Capital Mkt Interest Rates For Profit Hit
Munich Re' s net profit fell in the first quarter, its chief executive on Wednesday, hit by low capital market interest rates that continue to weigh on investment income at the world's largest ...
Walmart Joining Overstock.com in Insurance Shopping Game
Just days after Overstock.com, Inc. announced it is now offering insurance for vehicle, residential and small businesses on its online shopping site, Walmart says it is offering customers online ...
Validus Looking to Grow in U.S. Insurance Market, CEO Says
The chief executive officer of Validus Holdings said that there are growth opportunities for the group's insurance operations in the United States, at a time when growth for the Bermuda reinsurance ...
S&P Ups Philadelphia Insurance Rating to ‘AA-‘
Philadelphia Insurance Companies announced Tuesday that Standard & Poor's upgraded the company's financial strength to "AA-" from "A+" last week. S&P's action, lifting the ratings of the ...
Demand for Jury Trial Denied; Ex-AIG Chief Greenberg to Face Judge He Wanted Removed
Former AIG chief Maurice "Hank" Greenberg will have to defend himself against claims of accounting fraud in a non-jury trial conducted by a judge he tried to remove for alleged bias. Justice Charles ...
Many Employers Unfamiliar With Management Liability Risks Posed by Affordable Care Act: Travelers
A new survey sponsored by Travelers reveals that many businesses may not be prepared for implementation of the Patient Protection and Affordable Care Act (PPACA). The survey, conducted in March by ...