News
AIG: Post-Merger Problems Driving M&A Coverage Claims
Nearly 14 percent of the M&A policies that American International Group wrote globally between 2011 and 2014 resulted in a claim, the insurer reported last week. The period studied covered more ...
Spreading the Word: 12 Steps to Promote Insurance Careers
If you have talked to a young person on the job hunt lately, you have likely heard them yearning for a job that's stable and rewarding and that offers limitless growth opportunities. Risk management ...
XL Catlin Doubles Available Limits for Standalone Terrorism Coverage
XL Catlin said it has doubled available limits for its standalone terrorism coverage and added other bells and whistles in what it described as a market response to new attacks in cities and schools ...
P/C Claims Customer Satisfaction Dips for First Time in 5 Years: J.D. Power
Customer satisfaction with property insurance claims dipped for the first time in five years. The reason why: Carriers appear to be cutting service to reduce expenses in a toughening market cycle, ...
RSA Warns British Exit From EU Could Harm Its Business, Investment Returns
RSA chief Stephen Hester said a British exit from the European Union could have a negative impact on the insurer's business and investment returns, underscoring a warning from top executives about ...
P2P Startup Lemonade Bets Behavioral Science Can Take the ‘Annoying’ Out of Insurance
A company that openly berates the current insurance industry as one that is annoying and in need of a makeover believes that adding behavioral science to the mix will help fix it. The New York-based ...
QBE NA ‘Turns Corner’ With Best Combined Ratio Since 2011
With reports of significant reserve strengthening becoming a distant memory and reinsurance providing stability to underwriting results, QBE Group reported its best overall combined ratio result in ...
BB&T to Grab Broker Swett & Crawford in $500M Cash Deal
Swett & Crawford, a U.S. wholesale commercial insurance broker for more than a century, has caught the eye of BB&T, which will snatch up the company in a $500 million cash deal with Cooper ...