Industry News
Medical Professional Liability Insurer Net Income Plunged in 2015: A.M. Best
The specialty medical professional liability (MPL) insurance industry remained profitable in 2015, however its net income fell nearly 36.6 percent to almost $1.1 billion in 2015. In a special report, ...
New Allstate Ad Campaign Focuses on Innovation and Customer Relationships
Allstate unveiled a new advertising campaign designed to showcase the personal lines insurer as an innovator with deep customer relationships. Allstate said the "It's good to be IN good hands" ...
Majesco’s Fall ’26 Product Release Accelerates the Journey to a Frontier Firm We are standing at the edge of a...
RMS Upgrades Economic Loss Estimates for Japan Quakes
The earthquakes that struck Japan on April 14-15 will cost more in terms of economic losses than previously estimated, though insured losses are much lower, according to the latest RMS estimates. ...
Oklahoma Quakes Force Insurers to Limit Their Exposures
As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a ...
Zurich Insurance Shares Soar After Q1 Profit Surpasses Expectations
Shares of Zurich Insurance Group AG headed for the biggest gain in more than four years after Switzerland's biggest insurer posted a first-quarter profit that beat analyst expectations. The stock ...
AIG Chairman: P/C and Life Insurance Operations Have Place at Company
American International Group Inc., which is shrinking under pressure from activist investors, is committed to retaining operations in both life insurance and property-casualty coverage, Chairman Doug ...
Taking Stock of D&O Insurance Market: Capacity, Coverage and Culpability
The directors and officers liability marketplace continues to find softening rates and intense competition, especially in excess layers, according to industry executives. The industry is also seeing ...
Which Country Is the Most Risk Resilient? That Would Be Switzerland
Switzerland is the world's most resilient country in terms of its ability to handle global risks including natural hazards, oil price volatility and terrorism, according to FM Global's 2016 ...