News
PCI’s Griffin Testifies on Lessons Learned After Sandy
Don Griffin, vice president of personal lines at the Property Casualty Insurers Association of America (PCI), testified Wednesday before the Senate Committee on Banking, Housing and Urban Affairs ...
UnitedHealth’s $173M Fine May Be a Warning to P/C Insurers
A decision by California Insurance Commissioner Dave Jones to fine UnitedHealth Group $173.6 million for violations having to do with the Unfair Business Practices Act, the Unfair Insurance Practices ...
Endurance Gives Up on Bid to Buy Aspen
After three months of trying, Bermuda reinsurance company Endurance Specialty Holdings Ltd. has given up trying to acquire archrival Aspen Insurance Holdings Ltd. The final blow apparently happened ...
RenaissanceRe’s Leader Sticks to Strategy in Tough Market
You hear it everywhere at this point: The reinsurance market has been softening for some time and shows no sign of reversal. But the CEO of RenaissanceRe Holdings sees his company, despite the ...
U.K. to Start Testing Driverless Cars on Public Roads
Driverless cars will be tested on U.K. roads starting in January, providing an opening for carmakers and technology companies as the government looks for ways to improve safety and lower pollution. ...The Hartford Plans Big Investment in P/C Policy Management Tech
Hartford Financial Services Group said it is planning a major upgrade to technology it uses to manage property/casualty insurance policies. A company spokesman would not disclose how much the insurer ...
Investment Income Counters Volatility of Energy Sector Coverage
Specialty insurers covering the energy sector all carry a high-risk profile. Despite that volatility, investment income has helped the group produce positive operating results over the last five ...
Greenberg Faces January Trial in 9-Year-Old Spitzer Suit
Maurice "Hank" Greenberg, the former chairman of American International Group Inc., will go on trial in January after more than nine years of legal jousting over former New York Attorney General ...