News
Over 5,000 Volunteer for IICF Week of Giving
During the Insurance Industry Charitable Foundation's (IICF) Week of Giving, 5,312 insurance industry volunteers from 87 cities across 21 states joined together to provide more than 14,500 hours of ...
Hack Attack Hits Sony Pictures Entertainment Hard
Sony Pictures Entertainment said its computer system was down for a second day on Tuesday, following media reports of a major hacking attack aimed at the film and television studio. Before Sony ...
Polar Vortex is Spiking 2014 Winter Storm Losses: I.I.I.
Insured losses from winter storms in the U.S. will climb well above $2.5 billion in 2014, double the annual average over the previous two decades. You can thank the polar vortex for much of the ...
Carrier Demands Changing for Re Brokers, Says Aon Benfield’s Christian
The brokerage industry has changed "utterly and fundamentally" over the past 30 years from a risk transfer function to much more of an advisory role, according to Dominic Christian, executive ...
$1.9B Deal for Platinum Gives RenRe Bigger U.S. Casualty Share
The $1.9 billion cash-stock deal by RenaissanceRe Holdings Ltd. for Platinum Underwriters Holdings will create a $4 billion company with a bigger footprint in the U.S. casualty and specialty ...
East Coast Storm Prediction Adds Risk to Thanksgiving Travel
A coastal storm may spread more than 7 inches of snow from northern New Jersey through central Massachusetts while sparing New York City any deep accumulations for the Thanksgiving holiday travel ...
Hurricane Sandy Victims Allege Companies Manipulated Claims Reports
Wright National Flood Insurance Co. and U.S. Forensic LLC, an engineering firm, were sued by New York homeowners who claim the companies conspired to manipulate reports and avoid paying for damages ...
Insurers Fall Short in the Customer Relations Department: Ernst & Young
Insurers have considerable work to do in developing stronger, mutually beneficial relationships with their customers, according to a new survey. Consumers trust the insurance industry less than they ...