Industry News
Sirius XM Sues D&O Insurers, Seeks to Recoup Post-Merger Defense Costs
New York-based satellite radio services company Sirius XM Radio Inc. filed a lawsuit against two directors and officers insurers last week. Sirius XM alleges XL Specialty Insurance Co. and U.S. ...
Insurance Weighs In On Working From Home
Working from home has become a hot topic following Yahoo Inc. CEO Marissa Mayer's announced plans in late February to bring telecommuters back into the office, and the issue is being taken up by some ...
Directors & Officers Liability Market Firming: Towers Watson Survey
The directors and officers liability market continued to see price increases in 2012, with more private/not-for-profit organizations reporting rate increases than public organizations but, according ...
Reuters’ Saft: The 27-Year-Olds Are Taking Us Down (Again) With Risk Games
The 27-year-olds who are making the mistakes may change, but the flaws in the incentives and risk models at the heart of the global financial system remain basically unchanged. Calling them ...N.Y. Proposes Establishing Private Right of Action for Insureds Suffering Disaster Losses
A New York legislator proposed a new bill that would establish a private right of action for the insured for unfair insurance settlement practices when the claim relates to loss or injury in regions ...Direct Writers’ Race Past Agency Carriers On Personal Auto Rate Of Growth: Study
Personal auto insurance premiums grew 10 times faster for direct writing carriers than for independent agency carriers in 2011, according to a new study. The newly-released "2013 Property & ...
P/C Industry Suffers Worst 4Q In A Decade: SNL
SNL Financial reported recently that property/casualty industry fourth-quarter 2012 underwriting results, buffeted by losses from Superstorm Sandy, are on track to come in at the worst level for any ...
Greenberg Doubles Claims in AIG Bailout Suit vs. U.S. to $55B
Maurice "Hank" Greenberg, the former American International Group Inc. chief executive, has more than doubled the size of his class action lawsuit against the United States over the insurer's bailout ...