Industry News
China’s Ping An, Ctrip Travel to Sell Smog Insurance to Tourists
Ping An Insurance Group Co., China's second-biggest insurer, is collaborating with Ctrip.com International Ltd. to sell smog insurance to tourists traveling to Beijing and six other Chinese cities. ...
$11+ Million a Day in U.K. Flood Insurance Claims, Says ABI
Insurance claims from the recent spate of floods in the U.K. are averaging $11.18 million a day, according to the Association of British Insurers (ABI). The "wettest winter on record is likely to ...
Esurance Adds Video Appraisals for On-the-Spot Claim Estimates
Esurance, the direct-to-consumer personal insurance company, has added what it believes to be an industry-first mobile feature: video appraisal, which enables consumers to video chat with an Esurance ...
Hartford Financial in Talks to Sell Japan Unit to Orix
Orix Corp., a Japanese finance and leasing firm, said it is in talks to buy Hartford Financial Services Group Inc.'s unit in the country. Nothing has been decided on the purchase, Tokyo-based Orix ...
U.S. Senate Bill Seeks to Wind Down Fannie Mae in Five Years
Fannie Mae and Freddie Mac would continue paying all of their profits to the Treasury for the next five years under bipartisan Senate legislation designed to wind down the U.S.-owned mortgage ...
Businesses, Insurers Disagree on Boston Bombing Payouts
Some businesses that reported financial losses as a result of the Boston Marathon explosions are still wrangling with their insurance companies over compensation or have had claims denied outright as ...
Damage Control Underway at Allianz’s PIMCO
In mid-February, a group of current and former PIMCO employees were invited to a private farewell party for Mohamed El-Erian on March 10, to mark his impending departure as chief executive of the ...
AFG Terminates Tender Offer for National Interstate Shares
The U.S. District Court for the Northern District of Ohio on March 14 stated that it would grant a motion for preliminary injunction enjoining the consummation of the tender offer of Great American ...