News
Here’s How Republicans Swept to Some Major Election Night Wins
Republicans seized on voter anger over President Barack Obama's handling of the economy to take control of the U.S. Senate, setting up a clash of priorities that will shape his final two years in ...
The P/C Industry Calculates Its Future After Republican U.S. Election Gains
A day after the 2014 midterm elections gave Republicans control of the U.S. Senate, wider control of the House and major gains in state races across the nation, lobbyists for the property/casualty ...
In October, the Worst Storms Slammed Into India and Japan
As of Nov. 1, the U.S. achieved 3,295 consecutive days without a major hurricane landfall. That doesn't mean there weren't major storm events in October, but the worst ones hit India and Japan ...
Jewelers Mutual Chooses Its Next Leader
Jewelers Mutual Insurance Co. announced on Tuesday that it has selected Scott Murphy as the successor to President and CEO Darwin Copeman, who will be retiring in 2015. Copeman has been president and ...
Stryker Resolves Hip Implant Liability Lawsuits for $1 Billion
Stryker Corp. agreed to pay more than $1 billion to resolve lawsuits over thousands of hip implants recalled in 2012 after patients complained of pain, swelling and metal debris from the devices. ...
ING’s Former Canadian P/C Arm Thrives With Fewer Catastrophe Losses
Intact Financial Corp, Canada's largest property and casualty insurer, reported a more than four-fold rise in quarterly profit, helped by a sharp fall in catastrophe losses. The company's profit last ...
For His First Earnings Call, AIG’s New CEO Was All About Reassurance
For Peter Hancock, his first earnings call as president and CEO of American International Group on Nov. 4 reflected a focus on reassurance, and a steady explanation of the actions taken so far under ...
Endurance Built Up Its Underwriting In a Mixed 3rd Quarter
Endurance Specialty Holdings Ltd. reported a mixed 2014 third quarter stemming from big investments in underwriting and also some remnants from its failed push to snatch up Bermuda reinsurance rival ...