Industry News
China’s Fosun Pledges Ironshore Will Hit IPO ASAP This Year
Fosun Group, China's biggest private conglomerate, will list U.S. property/casualty insurer Ironshore Inc "as soon as possible" this year, Guo Guangchang, the company's billionaire co-founder and ...
Brexit Fallout: QBE to Review UK-Based Operations; Marsh Maps Exit Options
QBE Insurance Group announced this week that it will be reviewing its U.K.-based operations in light of last week's vote in the U.K. to leave the European Union. "The referendum outcome may require a ...
AIR Worldwide Introduces Earthquake Model for India
Catastrophe risk modeler AIR Worldwide, a Verisk Analytics business, has released a new earthquake model for India that estimates losses to residential, commercial and small industrial buildings as ...
National General to Pay $165M for Regional Auto Insurer Direct General
National General Holdings Corp. will pay $165 million for a Tennessee-based property/casualty insurer focused on nonstandard auto business. The New York City-based specialty insurance holding company ...
PCI Urges Consideration of Firefighting Funding Reform Bill
The Property Casualty Insurers Association of America is throwing its support behind a bill first proposed in 2015 that would make supplemental federal funding to fight wildfires a more flexible and ...
Brexit Vote Fallout Will Not Be Solved Quickly
To leave, or not to leave: That is the question. Still. After Britain's historic vote to leave the European Union, there is no indication that a so-called Brexit will happen soon. It maybe never ...
U.S. Brewer Yuengling Paying $10M to Settle Water Pollution Case
D.G. Yuengling and Son Inc, the oldest U.S. brewing company, will pay close to $10 million to settle charges it violated the federal Clean Water Act through the excessive discharge of pollutants by ...
Analyzing J.D. Power Ratings: How National, Regional Auto Insurers Stack Up
An auto insurance carrier has to work a lot harder to please customers in New England and California than in other parts of the United States, according to a recently published survey. The J.D. Power ...