Industry News
Towers Watson Releases UBI Auto Insurance Model
Towers Watson has launched DriveAbility 2.0 Score, an analytical scoring model designed for the automobile insurance industry. DriveAbility 2.0 Score includes a GPS version with location-specific ...
PCI Adds 3 to Washington Lobbying Operations
The Property Casualty Insurers Association of America (PCI) said it has added three new hires. Tom Glassic will join the association as vice president, policy and government relations; Nicole Austin ...
A.M. Best Incorporates Mexican Subsidiary; Opens Office in Mexico City
A.M. Best Co. announced the incorporation of its new subsidiary, A.M. Best América Latina, S.A. de C.V. The new office will be located in the financial district of Mexico City at Paseo de la Reforma ...
CNA to Sell Life, Group Insurance Unit to Wilton Re
CNA Financial Corp. said it would sell its life and group insurance business, on the same day that parent Loews Corp. reported a bigger quarterly loss, hurt by impairment charges. CNA said it was ...
Tower Group International CEO Lee Resigns; Fox Returning as CEO
Tower Group International, Ltd. (Tower) announced Friday that Chairman, President and Chief Executive Officer Michael H. Lee, has resigned from the company and the company's board of directors to ...
Travelers Increases Board to 12 Members; Ruegger Named a Director
Travelers Cos., the only insurer in the Dow Jones Industrial Average, increased the number of directors on its board from 11 to 12. The board elected Philip T. Ruegger III as a director, the insurer ...
First American Acquiring Verisk’s Interthinx for $155 Million
First American Financial Corp., the second-largest U.S. title insurer, agreed to buy Interthinx Inc. from Verisk Analytics Inc. for $155 million to add data that serves the mortgage industry. The ...
Nearly One-Quarter of Insurance Consumers Would Buy Cover from Amazon, Google: Accenture
Two-thirds (67 percent) of insurance customers would consider purchasing insurance products from organizations other than insurers, including 23 percent who would consider buying from online service ...