News
Risk Managers Want Carriers, Not Just Brokers, Involved in Service
While commercial insurers have traditionally relied upon insurance brokers to manage customer relationships, large company risk managers are looking for both parties to work together to meet their ...
P/C Insurers Expanding Predictive Modeling, Usage-Based Offerings
Property /casualty insurance executives believe that over the past six years predictive modeling has become an essential or very important driver of improved performance and they are broadening their ...
Visitors to Forbes.com Spied on by Hackers; Financial Firms Targeted
The Forbes.com financial news site was infected by Chinese hackers with spying software that targeted specific visitors, including those at U.S. financial services and defense firms, according to two ...
Low Cost Robots Seen Replacing More Factory Workers: Research
The falling cost of industrial robots will allow manufacturers to use them to replace more factory workers over the next decade while lowering labor costs, according to new research. Robots now ...
GE Pension Sues AIG Over Losses Tied to Bailout
General Electric Co.'s pension trust is suing American International Group Inc. over losses related to the insurer's 2008 government bailout. AIG failed to disclose to investors the risk in its ...
Pinnacle, Driveway Team Up on UBI Smartphone App Solution
Pinnacle Actuarial Resources, Inc. and Driveway Software have joined forces to offer the auto insurance industry a coordinated usage based insurance (UBI) solution using a smartphone app that ...
$5B is Magic Number for M&A Deals: Catlin CEO
Stephen Catlin, who is selling his Lloyd's of London insurer to XL Group Plc for $4.2 billion, expects the pace of mergers among smaller insurers to gather pace. "Anyone who has got a market value of ...
Aon Plc: U.S. Northeast Blizzard Left $500M in Economic Losses Behind
The Northeast U.S., including New York and Massachusetts, sustained at least $500 million in economic losses last month when a winter storm ripped through the region, Aon Plc said. The blizzard from ...