News
Kemper Eyes California Auto Expansion With $70M Alliance United Bid
Kemper Corp. will snatch up Alliance United Group and its subsidiaries for about $70 million, a move that fuels a California expansion for the company. Assuming regulatory and other conditions can be ...
S&P Rates Berkshire Hathaway Specialty Insurance Co. ‘AA+’ With Stable Outlook
Standard & Poor's has assigned Berkshire Hathaway Specialty Insurance Co. a "AA+" long-term counterparty credit and financial strength rating with a stable outlook. S&P said it views BHSI as ...
Allianz: New Materials, Lawsuits Driving Up Aviation Claims Costs
Even as aviation becomes safer overall, everything from new materials in plain design to more lawsuits is driving up the cost of claims, Allianz concluded in a new study. Details can be found in the ...
Insurers Win House Passage of Dodd-Frank Capital Standards Revision
The U.S. House of Representatives approved a bill that would ease capital and liquidity standards for insurers under the Dodd-Frank Act. A major insurance lobbying group, meanwhile, heralded the vote ...
Willis Group Closes Purchase of IFG Financial Businesses in Ireland
Willis Group Holdings completed its acquisition of a number of Irish pension and financial advisory businesses from IFG Group for an undisclosed price. The deal went through subsidiary Willis ...
Financial Institution Cyber Defenses Attract U.S. Regulatory Scrutiny
U.S. regulators on Wednesday said they were stepping up efforts to examine financial institutions' defenses to ward off cyber attacks, as a top FBI official warned of new "increasingly complex" ...
Commercial Insureds More Satisfied with Brokers than Insurers
Although ACE, FM Global and The Hartford got high marks from risk managers of businesses buying commercial insurance coverage, collectively insurance brokers ranked higher than carriers in a buyers' ...
NCAA May Limit School’s Ability to Pay Athlete Loss-of-Value Insurance Bills
The governing body for college sports will consider limiting how much schools can contribute toward athletes' insurance policies, according to its president. National Collegiate Athletic Association ...