News
Berkshire, Ironshore in E&S Top 10; XL Catlin May be Next: SNL Data Analysis
Berkshire Hathaway and Ironshore were among the top 10 writers of U.S. excess and surplus lines business in 2014, according to data compiled by SNL Financial. XL Group and Catlin Group haven't made ...
2015 Finds U.S. in a Tornado ‘Drought’
The U.S. appears to be locked in a tornado drought, as meteorologists have recorded only about two-dozen twisters so far this year during a period when 100 or more are typical. There also have been ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
First Federal Fracking Rules Face Challenge From Oil Industry
U.S. drillers already reeling from a six-month drop in oil prices denounced new U.S. fracking regulations as costly and unnecessary, and quickly met them with a lawsuit. After three years of debate, ...
Fireman’s Fund Settles Crop Insurance Fraud Charges for $44M
Fireman's Fund Insurance Co. has agreed to pay $44 million to settle allegations under the False Claims Act that it knowingly issued insurance policies that were ineligible under the U.S. Department ...
Willis Appoints Marsh Exec Global Head of Alternative Risk Transfer
Willis Group Holdings has appointed Marc Paasch as the global head of its alternative risk transfer (ART) solutions. Paasch will report to John Merkovsky, Willis's global head of risk and analytics, ...
ACE Unveils Enhanced Clinical Trial Coverage for U.K.-Based Life Sciences Companies
ACE Group is unveiling expanded clinical trials liability coverage for U.K.-based life sciences companies, a product designed to cover their studies conducted around world. The new enhanced clinical ...
International Capital Standards Will be Slow in Coming: FIO’s McRaith
Insurers could see some version of an international capital standard by 2016, Federal Insurance Office Director Michael McRaith told a recent gathering of industry professionals in Washington, D.C. ...
Marsh: Demand For Transactional Risk Insurance is Surging Globally
The use of transactional risk insurance surged around the world in 2014, thanks to record demand in both mature and emerging markets from clients seeking to protect their corporate deals, according ...