News
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. ...
You are shopping for a new refrigerator. How do you choose? One is the right size from a durable brand...
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 ...
Why Open Platforms Are the Logical Next Step for Catastrophe Risk Models
The first generation of catastrophe modeling technology, based on proprietary "black box" models produced by a few vendors, is 25 years old. It's now generally known that despite significant ...
Survey: Businesses Slow to Boost Cyber Insurance Coverage Despite Risks
While a majority of U.S. finance executives now see high-profile cyber-breaches as a major risk, many still have inadequate cyber insurance coverage, a new survey found. That finding comes from the ...
Britain’s Legal & General Group: Corporate Bulk Annuities Soar in 2014
Legal & General Group Plc's shares gained in London trading after the insurer said 2014 will be a record year for its corporate bulk annuities business, mitigating a 61 percent slump in sales to ...