News
American Financial Wants 49% of National Interstate Corp. for $293M
Insurance holding company American Financial Group wants to snatch up the rest of National Interstate Corp. that its subsidiary doesn't already own in a proposed $293 million deal. The ownership ...
Watch This Video: How P/C Insurers Plan to Use Predictive Analytics
Two years from now, property/casualty insurers will be using predictive analytics in a much wider assortment of ways than they do now. A Willis Towers Watson survey found that expected jumps in ...
Commercial P/C Rates Down 4% in February: MarketScout
Commercial property/casualty rates in the U.S. dropped again in February, with the composite rate once again coming in at -4 percent, according to the newest market barometer from MarketScout. By ...
Report: VW Leaders Knew of Illicit Emission-Control Software Early On
The current chairman and the chief executive of Volkswagen AG were alerted by the former CEO to the use of illicit emissions-control software in the United States two weeks before the carmaker ...
Global Regulators Propose Stricter Banking Rules to Address Cyber and Fraud Risks
Global regulators have proposed stricter rules on how banks calculate the amount of capital they need to cover risks to operations from cyber attacks, fraud or hefty fines. The proposals are the ...
Exec Revamped Out of AIG Gains New Leadership Role at Marsh
For John Doyle, there is most definitely life after AIG, specifically in a new executive role at Marsh. Doyle is the new president at Marsh, an insurance broker and risk adviser and wholly owned ...
Two Texas Attorneys Accused of Bankrolling BP Spill Scam
Two high-profile Texas attorneys were sued by a fishing boat captain who said they were involved in a scam to cheat BP Plc out of millions of dollars with false compensation claims for the Gulf of ...
U.S. Small Commercial Insurance Sector Ripe for Competition: McKinsey
U.S. property/casualty insurers salivating for a market growth opportunity appear to have a clear target in sight: the small commercial sector. It turns out that small commercial has enjoyed steady ...