News
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 ...
Allstate Forms Rail-Car Venture to Counter Interest Rate Risks
Allstate Corp., the largest publicly traded U.S. home and auto insurer, helped form a freight rail-car leasing company as Chief Executive Officer Tom Wilson expands his bets on hard assets to ...
RLI to Offer Insurance for High-Performance Driver’s Education Events
Specialty insurer RLI Insurance Co. has launched a new product aimed at high-performance drivers, RLI Track Day. RLI Track Day is a single-event policy that provides personal vehicle insurance ...
Europe’s Insurers, Pension Funds Bet on Risky Property in Quest for Yield
Traditionally conservative European insurers and pension funds are turning increasingly to risky property bets on everything from new homes in provincial Britain to car parks at Brussels airport, as ...
Zurich Insurance Paid Ex-CEO Martin Senn $6.3M in 2015
Zurich Insurance paid Martin Senn, its former CEO, 6.1 million Swiss francs ($6.3 million) during 2015, down from 7.2 million Swiss francs ($7.9 million) in 2014, the company reported. (The Swiss ...
Graphic Insight from PwC CEO Study: How Insurers Will Attract Talent
While job cuts at a handful of insurance companies shrank the U.S. insurance carrier workforce by about 600 jobs last year, for the most part, property/casualty insurers are looking to increase or ...
Insurer Staff Declines Greater Than Anticipated in 2015
Two-thirds of insurers surveyed say they're planning to hire more in 2016, but whether they will actually go through with those plans remains a question. In fact, 14 percent of insurers decreased ...