Industry News
U.S. P/C Industry 2012 Income $33.5B In Spite Of $32B In Cat Losses
U.S. property/casualty insurers absorbed net insured catastrophe losses of more than $32 billion last year, but still managed to post $33.5 billion in net income in the aggregate—in part because ...Zuraitis Resigns As President Of The Hanover’s P/C Companies
On Wednesday, The Hanover Insurance Group announced that Marita Zuraitis, a member of its executive leadership team and president of its property/casualty companies, is resigning to become president ...
Defining Terrorism For Policies Not A Simple Task After Boston Tragedy
There are a number of issues involved in determining whether the Boston bombings tragedy would be considered a terrorist act for insurance purposes such as determining the applicability of terrorism ...
Risk Views: Insurers vs. Other Industries
Insurers, who are in the business of taking risk for a living, have a slightly different view of the top risks facing their organizations than risk professionals in other industries. The ranking in ...Travelers Q1 Profit Up 11% to $896M; CEO Says ‘We Will Keep Going’ on Rate Hikes
The Travelers Companies Inc. on Tuesday reported $896 million net income for its 2013 first quarter, an increase of 11 percent compared to $806 million income reported during the first quarter of ...
Risk Readiness Declines Worldwide—Even For Insurers
Risk decision makers from 1,400 companies around the globe report that the 10 biggest risks facing their companies wiped away 42 percent of their income, on average, during the last 12 months, a new ...
Directors, Officers Face Increased Scrutiny: Willis/Allen & Overy Survey
The threat of regulatory investigations, criminal penalties, and anti-corruption legislation, are among the top concerns for directors and officers, according to a new survey conducted by Willis ...
Dewey Ex-Chairman Agrees To Proposed Settlement To Resolve Claims
The former chairman of Dewey & LeBoeuf has agreed to pay more than half a million dollars in a proposed settlement with Dewey's trustee and insurer to resolve claims that bad management led to ...