News
P/C Insurers’ Reserve Redundancy to Continue: Moody’s
U.S. property/casualty insurers' reserves will remain moderately redundant through the end of the year, Moody's Investors Service has reported. "We expect moderately redundant reserves based on ...
ACE CEO Said Ebola Risk Underwriting Approach is ‘Common Sense’
ACE Chief Executive Officer Evan Greenberg blasted news reports about his company's stance on Ebola risks as "sensationalized." In response to an analyst's question on the issue during an earnings ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
The Cost to Insure Airplanes Against Attack Will Grow Considerably
Insurers worldwide are going to have to pay up to a record $800 million to cover the damage done by attacks on airplanes this year, driving prices up and drawing rivals into the market. The hefty ...
Travelers CEO Fishman: Q3 Results ‘Just Terrific’
At the start of The Travelers Cos. 2014 third quarter investor call, Chairman and CEO Jay Fishman virtually gushed about the numbers he and his team were about to discuss. "As I am sure you read, the ...
Western World’s CEO Mulligan Retiring; COO Livingston to Fill Slot
Western World Insurance Group announced Monday that Thomas F. Mulligan, President and Chief Executive Officer, is retiring effective Jan. 1, 2015, ending a 33-year span of continuous service. On Oct. ...
MyPath Portal: Can It Lure Millennials to Insurance Careers?
With the insurance industry employee base rapidly aging and retiring, a number of companies and organizations in the field have come up with something that they hope will draw more young adults into ...
FBI Cautions Foreign Govt. Agents May Have Carried Out Cyber-Attacks
Cyber-attacks on JPMorgan Chase & Co. and 13 other financial companies may have been carried out by hackers from a foreign government moonlighting as criminals, a senior Federal Bureau of ...
Insurers Face Hefty Price Tag in India from Cyclone Hudhud’s Wrath
Cyclone Hudhud, which hit India's east coast last week, probably cost insurers $100 million to $400 million, modeling firm AIR Worldwide said. The storm damaged transportation infrastructure, power ...