Industry News
Target Breach Triggers Insurance Questions, Lawsuits
U.S. retail giant Target Corp. is busy dealing with the aftermath of the massive data breach that exposed account details of some 40 million credit and debit cards. Already, at least two lawsuits ...
Federal Financial Crisis Warning Office Struggles to Be Relevant
In June 2009, a small group of academics sent an envoy to a Washington, D.C., think tank to pitch their vision for a research office to help the nation avoid the next financial crisis. The idea was ...
Nine-Month Results Show P/C Industry Headed for Best Post-Crisis Year
With a combined ratio of 95.8 through nine months translating into $10.5 billion of underwriting profit, the U.S. property/casualty insurance industry is on track to report its best year in the ...
A.M. Best Affirms Duperreault’s Hamilton Re, Ltd. at A-Minus
Rating agency A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Hamilton Re, Ltd. ...
White Mountains to Acquire Attorney-In-Fact of Star & Shield Insurance Exchange
White Mountains Insurance Group, Ltd. and Star & Shield Group announced Monday that Star & Shield Holdings LLC had entered into a definitive agreement to sell certain assets and liabilities ...
Milliman to Acquire Pension Actuarial Firm McGinn Actuaries Ltd.
Milliman, Inc. announced on Monday that it is acquiring McGinn Actuaries Ltd., an Anaheim-based consultancy specializing in multiemployer pension plans. The acquisition will enhance Milliman's ...
Sedgwick on the Block; $2B Sale Possible: Reuters
Private equity-owned Sedgwick Claims Management Services Inc, one of the largest U.S. providers of claims services, is exploring a sale that could value it at more than $2 billion, according to four ...
Are Drivers Naughty or Nice? State Farm Finds Aggressive Driving at Holiday Time
Will drivers be naughty or nice behind the wheel this holiday season? State Farm and KRC Research conducted an online survey of 1,000 U.S drivers over 18 years old and learned there's room for ...