Industry News
Munich Re Estimates 2014 Profit Dropping to $4.2B
Munich Re, the world's biggest reinsurer, said profit this year is expected to fall 9.1 percent to 3 billion euros ($4.2 billion) as prices charged by the industry decline. Munich Re also said it ...
Texas Owner of Steak Restaurants Acquires Truck Insurer First Guard
Biglari Holdings Inc. and First Guard Insurance Company announced Thursday that Biglari Holdings has acquired First Guard Insurance Company and its affiliate, 1st Guard Corporation. First Guard ...
Developers Wanted by Progressive for Driver Behavior Smartphone App
Progressive is working with application developers to find a way to use mobile phones to measure customers' driving behaviors, the auto insurer said in an announcement yesterday. The announcement was ...
UK Website Selling Online Taxi Insurance
On Thursday, GoTaxi announced that it had launched a new taxi insurance website in the U.K. The website's objective is to match taxi and cab drivers who are looking for all types of taxi insurance ...
Nearly Half of Security Execs Say Insurers Alone Should Pay Costs of Physical Terror Attacks
Forty-seven percent of security executives across of a variety of industries believe that private insurance companies alone should pay for worker injuries and property damage in the aftermath of a ...
Public Service Exits California Workers Comp
Public Service Mutual Insurance Co.'s exit from California's workers compensation market isn't a reflection of the health of the state's workers' compensation system, according to the California ...
Top U.S. CEOs See Compensation Increases Shrink
Big U.S. companies appear to have handed out smaller increases in compensation to their chief executives in 2013 than in 2012, mainly as a result of reduced grants of stock options, according to an ...