Industry News
Esurance Bets on Bundling Home, Auto Coverage Amid GEICO Rivalry
Esurance, the online car-insurance seller owned by Allstate Corp., is betting that bundling auto and home policies will help it compete with Berkshire Hathaway Inc.'s GECIO unit and Progressive Corp. ...
Eastern Asia Underinsured for Floods, Typhoons: Munich Re
Insured losses from weather-related events in Eastern Asia amount to only about 10 percent of the $700 billion in total losses accumulated over the last three decades, according to an analysis by ...
Swaps Regulation Could Impact Insurers’ Risk Management, Ratings: S&P
A Dodd-Frank provision regulating derivatives could improve insurers' risk management and have a minor impact on ratings, according to analysts at Standard & Poor's. In response to the financial ...
Only Small Portion of Philippines Typhoon Cost Likely Insured: AIR Worldwide
The economic cost of Super Typhoon Haiyan is expected to be the highest from a natural disaster in the Philippines' history, although only a small portion of it is expected to be insured, AIR ...
Liberty Suing Texas Brine over Louisiana Sinkhole
One of the insurers for Texas Brine Co. has filed a lawsuit accusing Texas Brine of ignoring warnings about the potential for disaster if it continued mining an Assumption Parish, La., salt dome ...
RSA Starts Irish Probe, Says Issues Probably Isolated to Unit
RSA Insurance Group Plc, which suspended three of the top executives at its Irish unit late last week, said it commissioned an independent investigation into issues the company expects will be ...
Aspen Appoints Ann Haugh as Global CUO and COO
Aspen Insurance on Friday announced the appointment of Ann Haugh to the new position of global chief underwriting officer and chief operating officer, beginning Nov. 11. Haugh, who most recently was ...
Allianz Raises 2013 Earnings Goal as Quarterly Profit Climbs
Allianz SE, Europe's biggest insurer, increased its target for full-year operating profit after third-quarter earnings rose 6.3 percent, beating analysts' estimates. Net income advanced to 1.45 ...