News
Erie Insurance Group CEO (and Chubb Veteran) Named PCI’s New Chairman
Erie Insurance Group President and CEO Terrence Cavanaugh is the Property Casualty Insurers Association of America's new chairman, following elections at the PCI Annual Meeting in Scottsdale, Ariz., ...
Progressive at PCI: Telematics Will Become Ubiquitous Underwriting Tool
A Progressive Insurance Group executive asserts that automated automobile technology won't become ubiquitous for years. On the other hand, he predicts, the equally transformative use of telematics ...
Hartford Offering Lump Sum Pension Buyouts to 13,500 Former Employees
Hartford Financial Services Group Inc. is working to reduce its retirement obligations by paying former employees to give up their pensions. Last month, the insurer offered voluntary lump-sum ...
Benmosche to Recount AIG Turnaround in ‘My Fight’ Book
Robert Benmosche is working on a book about turning around American International Group Inc. Benmosche's memoir focuses on the five years he led AIG and is slated to be published in late 2015 or ...
Guy Carpenter Unveils U.S. Healthcare and Life Specialty Practice
In the wake of the Affordable Care Act and its expanded healthcare coverage in the U.S., Guy Carpenter & Co. has reorganized and expanded its effort to cater to healthcare providers and insurers ...
PCI, III React to Climate Change Report Slamming Insurers
A report on the insurance industry released last Wednesday shows "a profound lack of preparedness in addressing climate-related risks and opportunities." Insurance industry representatives ...
Top 10 Market Conduct Issues for P/C Insurers
A review of state insurance regulators' examinations of U.S. property/casualty insurers shows that claims-handling, underwriting and producer requirements continue to be the top criticisms. According ...
Eight P/C Insurers, Reinsurers Get Top Marks for Managing Climate Risk
Munich Re and ACE Limited are among nine insurers that are best prepared to manage risks related to climate change, a lobbying group said last week, including one life insurer on the list. The ...