Industry News
S&P’s Ratings, Negative Outlook for AIG Will Continue
S&P Global Ratings has affirmed its 'A+' insurer financial strength rating and 'BBB+' long- and 'A-2' short-term issuer credit ratings on American International Group Inc. (AIG), and its 'A+' ...
Judge Won’t Release Calif. Utility From Wildfire Cost Claim
PG&E Corp. suffered another legal setback with a judge saying he won't release the company from a key legal claim over the most destructive wildfires in California history. PG&E has been ...
NAMIC Urges Autonomous Driving System Developers to Focus on Safety, Data Sharing
While automated driving systems hold great promise to save lives and reduce crashes, the focus must remain on validating the safety of the technology every step of the way, according to the National ...
Progressive, Travelers, Chubb Among Insurers Pulling Back From Muni-Bond Market
Some of the biggest U.S. insurers reduced their holdings of state and local government bonds after the corporate tax cut took effect this year, marking a retreat by a key buyer in the $3.9 trillion ...
Executives On The Move at XL Catlin and Arch Capital Group
XL Catlin promoted two executives who will fuel expansion of its regional U.S. War, Terrorism & Political Violence Insurance team. Arch Capital Group's Arch Insurance Europe named an executive ...
U.S. Cyber Insurance Prices Dipped in Q1 as Capacity, Competition Grew: Marsh
Average U.S. cyber insurance prices dipped 1.7 percent in the 2018 first quarter, Marsh said in its Global Insurance Market Index for the quarter. This is the fourth time a decrease has happened in ...
The Latest Launches From W.R. Berkley Corp., XL Catlin and Hartford Steam Boiler
W.R. Berkley Corp. unit Berkley One is partnering with a provider of identity theft and data defense services for a new coverage endorsement. XL Catlin now offers an insurance package designed for ...
Proactive Efforts Can Boost Levels of Female Insurance Executives More Quickly: NAIC Panel
The number of female executives in the insurance industry continues to rise slowly, but more should be done to quicken the pace, Lloyd's of London Chief Executive Officer Inga Beale said. "I am a ...