News
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 ...
Effective compliance management in insurance relies on well-organized information and digital processes that accurately reflect producer relationships across multiple interconnected...
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 ...
Re Results Blot W.R. Berkley’s Otherwise Soaring Financials
On the surface, at least, W.R. Berkley Corp.'s 2014 second quarter reflects a stellar array of gains in everything from gross and net premiums written to net income, operating income and improved ...
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 ...