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XL CEO: Distinctive Offerings, Historic Relationships Buffer Re Business
Simply put, XL Group's 2014 second quarter was both tough and solid. The property/casualty and specialty insurer and reinsurer said it lost more than $279.2 million during the period, about $1.03 per ...
Primary-Enforced Texting Laws Save Drivers’ Lives: University Research
New research appears to confirm that laws against texting while driving do reduce traffic fatalities if they are primary enforcement laws. Primary texting bans are associated with a 3 percent ...
Rate Slump Has Led to ‘Naive’ Risk Taking: JLT
Jardine Lloyd Thompson Group Plc's Dominic Burke said the worst slump in prices for insurance policies since Sept. 11, 2001 has led some insurers to take on too much risk to win business. Burke, the ...
QBE Forecasts Profit Decline Resulting from Latin America WC Reserve Boost
QBE Insurance Group Ltd. slumped the most in seven months after forecasting an 18 percent decline in first-half earnings due to higher claims in Latin America and competition with other insurers. Net ...
Insurance.com: Most Americans Are Revving Up for Driverless Cars
While driverless cars may be some time from everyday use, most Americans are seriously game to try one. A new Insurance.com survey determined that most Americans are comfortable with driverless cars ...
Berkshire Appoints Prussack VP of New Fiduciary Liability Line
Berkshire Hathaway Specialty Insurance announced Monday that it is entering the fiduciary liability market and has named Rhonda Prussack as vice president to lead the effort. Prussack most recently ...
Hiscox Chair: Re Competition Hurts Pricing
Hiscox Ltd. Chairman Robert Childs said the Lloyd's of London insurer is writing less "big ticket" reinsurance as excess capital pushes rates lower. The second-largest Lloyd's insurer by market value ...
IBM, AT&T Build Technology to Quickly Move Data If Disaster Hits
When hurricanes come barreling toward land, people, airplanes and ships are relocated to avoid destruction. Now, some of the world's biggest technology companies are making advances in figuring out ...