Industry News
Aon’s New Ventures Group Turns Initially to Intellectual Property
Aon's New Ventures Group, which was formed in October 2018 to accelerate Aon's investment in innovative new products, is focusing its first efforts on intellectual property in order to help clients ...
Devastating Floods in U.S. Plains States Tear Apart Homes, Businesses, Kill at Least Two
There was no let up in sight for devastating floods across the U.S. Central Plains states that have already killed two people, torn apart homes and businesses and cut off small towns, forecasters ...
Buffett’s Berkshire Hathaway: Vice Chairmen Jain, Abel Each Make $18 Million
Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the ...
Consumers Excited to Exchange Personal Data for Cheaper Financial Products; Privacy Remains a Concern
Carriers focusing on telematics and other tools that measure customer behavior in exchange for lower prices may be onto something. A new Accenture report has found that insurance or banking products ...
2018: A Big Year for U.S. P/C Insurers’ Net Income Results
U.S. P/C insurers' net income soared in 2018, thanks in part to premium increases, higher net investment income and fewer catastrophe losses, A.M. Best concluded in a new report. Industry net income ...
EU Leaders Will Mull Pressing Britain for Long Brexit Delay
European Union leaders will consider pressing Britain to delay Brexit by at least a year to find a way through its domestic deadlock, the chair of next week's EU summit said on Thursday. "I will ...
AGCS Unveils Coverage for Auto Parts Manufacturers Slammed by a Product Recall
Allianz Global Corporate & Specialty has started offering coverage for auto parts manufacturers, enabling them to reduce expense risks related to a recall. Allianz's specialist corporate insurer ...
Hamilton CEO Albo Credits Strategy, Excellent Timing as Leading to New Acquisition Deal
Strategy plus some remarkably good timing helped lead to Hamilton Insurance Group's first acquisition deal under the leadership of CEO Pina Albo. On March 14, Hamilton announced it would acquire ...