News
Homeowners Insurance Shines While Personal Auto Struggles: Fitch
While the U.S. personal auto insurance industry continues to be a sick patient, homeowners coverage is a significant bright spot, according to Fitch Ratings' latest report. Private passenger auto ...
Small, Specialty Insurer Hiring Plans Surpass Larger Peers: Labor Study
Small insurers are expecting to do most of the hiring in the industry, according to a new survey, which also highlights the high demand for niche specialty commercial lines underwriters and claims ...
Lockton Opens New Commercial Insurance Operation in Oregon
Privately held, independent insurance broker Lockton Insurance Brokers has opened a new commercial insurance operation in Portland, Ore. Industry veteran Andrew McClave has been named producer in the ...
Bitcoin Exchanges Face Growing Cyber Hacking Risks
When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The cyber theft -- the ...
Ambac Shareholder Pushes for Review of ‘Strategic Alternatives’
Shareholder Joseph Pirinea said on Monday he was pushing bond insurer Ambac Financial Group to hire an investment bank to review strategic alternatives. Pirinea said the review should include the ...
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 ...