News
Obama Plan to Create Anti-Hacker Agency May Worsen Bureaucracy
President Barack Obama's plan to create a new agency to combat hackers may improve information sharing between government and industry, although it adds to a security bureaucracy that some have ...
Anthem Launches Identity-Theft Protection Signup Following Cyber Attack
Anthem Inc said on Wednesday its millions of customers can sign up for free credit monitoring and identity-theft protection services this week following a massive cyber attack involving stolen U.S. ...
Zurich Insurance Profit Falls
Zurich Insurance Group AG, Switzerland's biggest insurer, fell short of an earnings target as fourth- quarter profit fell 20 percent on lower income from the general insurance unit. The shares ...
U.S. Housing Secretary Says Cutting Mortgage Insurance Fees Strikes Balance
The Federal Housing Administration is not putting its finances at risk by reducing insurance fees it charges lower-income home buyers, the top U.S. housing official said on Wednesday. Last month the ...RenRe Hopes to Close $1.9B Platinum Acquisition on March 2
RenaissanceRe Holdings expects to close its $1.9 billion cash-stock acquisition of Platinum Underwritings Holdings on March 2, assuming an upcoming shareholder vote goes its way. The Bermuda-based ...
Marsh: Expect More U.S. Commercial Lines Softening in 2015
Competition among property/casualty insurance carriers and the flow of capital into the industry are continuing to drive down rates in most U.S. commercial lines and conditions are particularly ...
Executives On The Move at Berkshire Hathaway Specialty, PCI and OdysseyRe
Berkshire Hathaway Specialty Insurance, OdysseyRe and the Property Casualty Insurers Association of America have each recently made new executive appointments. Here are the details: Berkshire ...
Ohio Insurance Director Warns Insurers Against Using Price Optimization
Lieutenant Governor and Department of Insurance Director Mary Taylor has warned Ohio insurers against the use of price optimization that can result in unfair discrimination. Taylor recently issued ...