News
China Hackers Test U.S. Economic, Diplomatic and Defense Capabilities
China's military conducted cyber probes and intrusions against U.S. computer networks to support intelligence collection and electronic warfare, according to a new Pentagon report. "China is using ...
Insurers Can Endure Best by Being Global and Diversified: S&P
Global, diversified insurers are best positioned to withstand the industry's top economic and competitive challenges, according to a report published by Standard & Poor's Global Ratings. ...
Dog-Bite Claims Costs for U.S. Insurers Jumped 16 Percent in 2015
The cost of dog-bite claims for U.S. insurers climbed 16 percent last year on higher medical expenses and larger settlements to resolve court disputes. The average claim increased to $37,214 in 2015 ...
Zurich Org Chart Too Complex, CEO Greco Says
While Zurich Insurance Group's new chief executive officer believes the insurer is on the right track in terms of growth and profit, the organizational structure remains too complicated, he suggested ...
Progressive CEO Glenn Renwick Is Retiring; COO Tricia Griffith Will Succeed Him
Progressive Corp. President and CEO Glenn Renwick will retire on July 1 after 15 years leading the iconic property/casualty insurer, and 30 years with the company itself. His replacement is already ...
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" ...
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. ...