Industry News
China Online P/C Insurer Mulls U.S., Hong Kong IPO
Zhongan Online P&C Insurance Co., with more than 400 million customers, is targeting an initial public offering in the next 12 to 18 months as it targets winning over more younger consumers. ...
A Booming Economy Means Higher U.S. Auto Accident Fatalities
Who says recessions are all bad? About 5,000 fewer people die every year in auto accidents for each 1 percentage point increase in U.S. unemployment because downturns keep dangerous drivers off the ...
P/C Insurance Operating Income Dropped by Double Digits in Q1: Fitch Ratings
Property/casualty insurers in North America saw their operating income decline by double digits in the first half of 2016, as investment income plunged and catastrophe losses rose. Fitch Ratings ...
Everest Re Closes $49M Sale of U.S. Crop Insurance Subsidiary
Everest Re Group has closed the sale of its U.S. crop insurance subsidiary, pocketing $49 million in the process. Plans for CGB Diversified Services to buy Heartland Crop Insurance were first ...
The Latest Launches From CNA, Endurance and Beazley
CNA launched new coverage designed to address M&A issues among insurers. Endurance unveiled a new workers compensation insurance product available to one of its divisions. Beazley just doubled ...
GM Wins Third Ignition-Switch Trial, Though Many Lawsuits Remain
General Motors Co.'s victory in a Houston courtroom Thursday makes the carmaker three for three in trials related to an ignition-switch defect, but its legal entanglements may stretch on for years. ...
London Financial Firms Doubful About Quick-Fix for Post-Brexit EU Access
Big financial groups in London are losing faith in a quick fix to get access to the European Union after Britain leaves the bloc and are instead drawing up contingency plans to avoid becoming hostage ...
Why American Family’s CEO Embraces Social Media
Insurance industry executives have been slow to embrace social media tools such as Twitter and blogging in their professional lives. Jack Salzwedel is a notable exception. Salzwedel, the chairman and ...