News
Ex-Moody’s Exec Loses Out on $864M Ratings Settlement as Whistleblower Lawsuit Dismissed
A federal judge on Thursday dismissed a whistleblower lawsuit by a former Moody's Investors Service managing director and said he deserves none of the $863.8 million that Moody's agreed to pay to ...
The Latest Launches From XL Catlin, Allianz, Zurich and More
XL Catlin and a partner will start marketing new coverage to U. Public officials, educators and law enforcement agencies. Allianz Insurance beefed up its directors and offers coverage with added ...
Confusing, Costly Cyber Policies Create Obstacles to Market Growth: Deloitte
Despite the rising profile of cyber risks, buyers have failed to widely embrace cyber coverage. At the same time, insurers generally have remained cautious about writing the coverage on a large-scale ...
U.S. Financial Regulators Review Unnamed Firm’s ‘Too Big to Fail’ Designation
The Financial Stability Oversight Council, made up of all major U.S. financial regulators, met late on Thursday afternoon and reviewed its designation of a nonbank firm as "too big to fail," ...
New Bond Chief for Allianz’s PIMCO Boosts Returns and Investments Alike
After star money manager Bill Gross left in 2014, Pacific Investment Management Co. seemed destined to fade from prominence and become just one of the many firms that dot the U.S. bond-industry ...
Liberty Mutual’s Q4 Hammered by U.S. Personal, Commercial Auto Losses
Liberty Mutual Holding Company's 2016 fourth quarter net income declined substantially, due mostly to higher U.S. personal and commercial auto liability losses. But the number was up for the full ...
U.S. Fruit Growers Risk Disaster From Record February Warmth
February's record warmth across the U.S. means several weeks of worry for fruit growers in the Midwest and Northeast as trees flower early, leaving them vulnerable to a hard freeze that could sweep ...
Washington Outlook: PCI’s Agenda for 2017
A new administration and a new Congress present both challenges and opportunities for home, auto and business insurers as they work to promote a private and competitive marketplace—that best serves ...