Industry News
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 ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
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, ...
Mortgage Insurers Form New Trade Group
Six U.S. mortgage insurers, including units of Radian Group Inc. and Genworth Financial Inc., formed a lobbying association to push for a broader role for the industry in a revamped housing-finance ...
NetVU Names Miner Chairman of the Board
NetVU has named Debbie Miner as its newest chairman of the board. Miner began her career in 1972 as a receptionist and claims clerk for Bundy-McNear Insurance before moving to Henriott Group Inc., ...