News
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 ...
For nearly four years, Drew Hill has worked alongside Vertafore through our partnership with Mutual Capital Analytics (MCA), helping insurance...
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 ...
Liberty Mutual Launches New Cyber Coverage Products
Liberty Mutual is beefing up its commercial and business policies with enhanced, flexible cyber coverages – yet another major insurer responding to the growing risk of computer-related data ...
AmTrust Makes Offer for Specialty Auto Insurance Co.
AmTrust Financial Services will snatch up CorePointe Insurance Co., a deal intended to give it a better roster of specialty commercial auto insurance products. Neither side is disclosing financial ...
SEC, CFTC Penalties More Than $92M Greater With Whistleblower Tipoffs
Promoting and maintaining financial fraud whistleblower programs, such as those of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), is costly. Cases ...