Industry News
Carpooling Apps Could Eliminate Need for Taxis: MIT
Using carpooling options from rideshare companies like Uber and Lyft could reduce the number of vehicles on the road 75 percent without significantly impacting travel time, a new study by MIT found, ...
AIG Completes $3.4B Sale of Mortgage Guaranty Unit to Arch Capital
American International Group said it has completed the $3.4 billion sale of its mortgage-guaranty unit to Arch Capital Group, an important piece of a wide-ranging, ongoing plan to cut jobs, ...
The Hartford, National Indemnity Ink $1.5B Reinsurance Deal Covering Asbestos/Environmental Liability Reserves
The Hartford said it has sealed a sizable reinsurance agreement covering some asbestos and environmental liability reserves with Berkshire Hathaway subsidiary National Indemnity Company. Plans call ...
Carrier Management’s Top 10 2016 Features: Leadership, Disruption and More
Today's Carrier Management newsletter is the first of 2017. But before we look ahead, here's a look back at our top 10 features of 2016. These stories feature CEOs and executives giving invaluable ...
The Latest Launches From AIG, Starr Cos. and The Hanover
AIG's Singapore division debuted a motor accident reporting platform in Singapore designed to help speed up the claims process online and reduce fraud. Starr Cos. will team with a Chinese insurer to ...
U.S. Flood Threats Generally Growing in North, Declining in South
The risk of flooding in the United States is changing regionally, and the reasons could be shifting rainfall patterns and the amount of water in the ground. In a new study, Recent Trends in U.S. ...
China to Permit More Foreign Investment in Insurance, Securities and Banking
China unveiled plans on Friday to allow more foreign investment in banking, insurance, securities and credit-rating firms, as part of a wider opening up of the world's second-largest economy. The ...
Chinese M&A Could Slow Due to Regulatory, Policy Hurdles: A.M. Best
While Chinese companies have been increasing their overseas merger and acquisition (M&A) activity in recent years, there are signs that growth could slow in the coming year, as a result of ...