Industry News
Senate Bill Would Free U.S. Insurers from Bank Capital Rules
The U.S. lawmaker who wrote a Dodd-Frank Act provision that imposes bank-like capital standards on the insurance industry introduced legislation to ease the requirements. Senator Susan Collins, a ...
Transatlantic Trade Pact Would Fuel Big Gains for U.S. Industries, Insurance
A comprehensive Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union would significantly boost exports from 14 key U.S. industrial sectors, according ...
NJ PURE Medical Malpractice Insurance Partners With Liberty Mutual
NJ PURE, a leading medical malpractice insurer in New Jersey, announced last week that it has entered into a strategic alliance with Liberty International Underwriters, a division of Liberty Mutual ...
Consortium of 20 Insurers Offers Coverage for Derivatives Clearinghouses
A group of insurers is for the first time offering to shoulder risk for clearinghouses backing hundreds of millions of derivatives trades, proposing more protection in markets where a collapse could ...Zurich Insurance to Cut 800 Jobs by 2016
Zurich Insurance Group AG, the biggest Swiss insurer, plans to save $250 million annually by cutting as many as 800 jobs after lowering its profit goal in December, the company said. Zurich plans to ...
XL Group Launches Automotive Recall Plus
The global insurance segment of XL Group plc last week announced the launch of Automotive Recall Plus, designed for the automotive supplier industry in Germany, Austria and Switzerland. The new ...
February Storms’ Insured Losses Top $1.5B Globally: Aon Benfield
The latest Global Catastrophe Recap report from Aon Benfield's Impact Forecasting reveals that February storms led to insurance payouts of more than $1 billion globally. Japan experienced record ...
Senate Leaders Look to Quickly Pass U.S. House Flood-Insurance Measure
Senate leaders are seeking agreement to quickly pass a House flood-insurance bill to avert steep premium increases for property owners in coastal states such as Florida, Louisiana and New Jersey, ...