Industry News
U.S. Auto Insurance Customers Slow to Adapt to Mobile Claims Apps: J.D. Power
Despite a nationwide advertising blitz for mobile auto insurance apps and widespread use of digital channels to purchase insurance, U.S. auto insurance customers have been slow to adopt digital ...
XL Group Lost Over $1B in Q3: Hurricanes Harvey, Irma, Maria to Blame
XL Group reported losses exceeding $1 billion for the 2017 third quarter, blaming hurricanes Harvey, Irma and Maria for the results. The net loss of $1.04 billion for Q3 amounted to negative-$4.06 ...
Fosun’s Meadowbrook Insurance Rebrands as AmeriTrust Group, With Acquisitions in Mind
Meadowbrook Insurance Group has changed its name to AmeriTrust Group, Inc., close to three years after Chinese conglomerate Fosun International bought the company. The company's management team, in ...
UK, EU More on Same Page Now About Brexit Transition Push
The U.K. has shifted its approach to the transition agreement it wants to put in place for after Brexit, falling into line with the European Union's long-held stance. Businesses have been demanding ...
AIG Hires Former Conn. Insurance Commissioner Leonardi for Lobbying, Communications Role
A former Connecticut insurance commissioner is joining AIG as its new executive vice president, Government Affairs, Public Policy and Communications. Thomas Leonardi takes on his new role as of Nov. ...
Multiple Red Flags Place Profitable Growth for U.S. P/C Insurers in Jeopardy
While the U.S. property/casualty insurance industry is well capitalized and market sentiment is mostly positive, it still faces economic and market-based headwinds that will challenge its profitable ...
The Hartford, Slammed by Hurricane Losses, Still Makes a Q3 Profit
Hurricanes slashed The Hartford's 2017 third quarter net income nearly in half compared to the same period a year ago. The property/casualty insurer's commercial lines and personal lines combined ...
6 Crisis Leadership Tips From Rudy Giuliani, ‘America’s Mayor’
No one anticipated the nature and scale of the attacks on the World Trade Center on Sept. 11, 2001, but the immediate response nonetheless drew upon months and years of careful planning and ...