Industry News
AIG’s Miller Notes Progress As Reorganization Continues
American International Group Inc. must do more to win over Wall Street, even after rallying 51 percent in the past two years, Chairman Steve Miller told shareholders. AIG is seeking to reward ...
Third Parties Providing Data, Models Through AIR’s Touchstone Cat Platform
Catastrophe modeling firm AIR Worldwide (AIR) announced Wednesday that a large number of third-party suppliers have chosen to provide their data and models through Touchstone. Those third-party ...
A market conduct examination is a formal review by a state insurance department of how an insurer operates in the...
Willis Sees Softer Conditions Ahead for Commercial Lines Other Than Comp
Although double-digit insurance price hikes are still possible in a handful of areas—workers compensation, poor performing professional liability accounts and terrorism coverage—broker Willis ...
Uber Needs Insurance as Amateurs Drive Strangers, CA Commissioner Says
California Insurance Commissioner Dave Jones said that car-booking services like Uber Technologies Inc. should provide coverage to reimburse victims when nonprofessional drivers in their networks are ...
Fireman’s Fund Names Robyn Hahn as Chief Marketing Officer
Fireman's Fund Insurance Co. on Tuesday announced the appointment of Robyn Hahn to the position of chief marketing officer, responsible for developing and executing the marketing and communications ...
Double-Digit Re Price Drops Expected for June Renewals, Fitch Says
The recently completed April reinsurance renewals resulted in a bigger-than-expected drop in prices and suggest that there will be another double-digit fall in rates for Florida in the key June ...
AIG Aims to Be Smartest Casualty Insurer, Schimek Says
Innovation and customer focus are central to the strategy of the one of the nation's largest property/casualty insurers, for which being the biggest competitor is not the primary goal, according to ...
Progressive CFO Retiring in 2015; Personal Lines Prez Sauerland Next to Take CFO Spot
The Progressive Corporation announced Tuesday that Brian Domeck, the Company`s Chief Financial Officer, intends to retire after the Company`s Annual Meeting of Shareholders in May 2015. Domeck will ...