News
FIO Director McRaith Leaving Post on Jan. 20
Michael McRaith, who has served as director of the Federal Insurance Office since its creation in 2011, is resigning his post as of Jan. 20 as the Trump administration begins. McRaith announced his ...
Judge Orders DuPont to Pay $10.5M Over Leaked Chemical; Thousands of Suits Remain
A U.S. jury in Ohio ordered DuPont on Thursday to pay $10.5 million in punitive damages to a man who said he developed testicular cancer from exposure to a toxic chemical leaked from a Dupont plant, ...
VW Must Face U.S. Investor Lawsuit Over Diesel Emissions Cheating
Volkswagen AG must face claims it misled U.S. investors after installing so-called defeat devices in diesel vehicles used to cheat emissions tests. A San Francisco federal judge also rejected a ...
Arch Capital Acquisition Draws Downgrades From Moody’s and Fitch
Arch Capital Group's recently concluded $3.4 billion purchase of American International Group's mortgage guaranty unit spurred both cautious and negative reactions from Moody's Investors Service and ...
‘Digital Trust’ Needed for Companies to Reap Benefits of Employee Data Sharing: AIG
Businesses must foster "digital trust" with employees if they want to reap the full economic and competitive benefits of workplace data sharing, according to a new report from American International ...
Hub International Snatches Up Canada’s Mainline Insurance Brokers & Affiliated Firms
Hub International Ltd., the Chicago-based global insurance brokerage, announced it has acquired Mainline Insurance Brokers Inc., Indian Head Agencies (1980) Ltd., R&J McKay Agencies Ltd. and ...
Executives On The Move at Navigators, Great American and Starr Companies
Three Chubb vets are taking on executive leadership roles at Navigators. Great American Insurance Group appointed a new director for a division within its Singapore branch. Starr Companies promoted ...
Jan. 1 Reinsurance Renewal Price Drops Moderate: Guy Carpenter
Once again, Jan. 1 reinsurance renewals are indicating pricing declines, but the trend has moderated somewhat. Property catastrophe pricing fell 3.7 percent at Jan. 1, according to the Guy Carpenter ...