Industry News
U.S. Storms Cost Insurers More Than $2B in March: Aon
The U.S. was hit by a series of severe weather events in March, leading to extensive damage in central and eastern parts of the country and aggregated insurance losses expected to exceed $2.0 ...
April Renewals Saw ‘Disciplined Softening’ With Abundant Capacity: Aon & Willis Re
With abundant capacity, aggressive capital market competition and acceptable returns for global reinsurers, it's no wonder that the elusive bottom of soft market pricing was not evident at April 1 ...
Chubb CEO Greenberg’s Comments on ‘Abusive’ Broker Behavior Not About U.S. Market: Industry Group
Chubb President and CEO Evan Greenberg is slamming the behavior of some brokers as "abusive," but a major industry group asserts that he wasn't referring to anyone in the U.S. market. The remarks at ...
ProPublica, Consumer Reports Respond to Criticism of Report on Auto Insurance Prices in Minority Areas
ProPublica and Consumer Reports have issued a response to the opinion column by Insurance Information Institute's James Lynch criticizing their report, Minority Neighborhoods Pay Higher Car Insurance ...
Executives On The Move at Chubb, QBE North America and More
QBE North America hired a former AIG and Attune executive in a leadership role focused on multinational offerings. Chubb has a new senior vice president focused on North America commercial insurance. ...
Insurance Industry Jobs Among the Most Stressful: Study
Jobs in the insurance industry are among the most stressful, ranking No. 2 in a recent study by staffing firm Robert Half. The legal profession provides the most stress, according to the study by ...
Berkshire Hathaway Specialty Insurance Sues Goodyear Over Covering Asbestos Claims
An insurance unit of Warren Buffett's conglomerate Berkshire Hathaway Inc said it has sued Goodyear Tire & Rubber Co to avoid having to cover asbestos-related injury claims that Goodyear said ...
Defective Products, Crashes, Human Error Cause Large Chunk of Business Liability Losses
Defective product/work quality issues, crashes and human error are listed as the top causes of liability loss for businesses, according to a report published by Allianz Global Corporate Specialty ...