News
Integro Appoints New U.S. Leadership in Boston, New York
Insurance brokerage and risk management firm Integro appointed Ruth Kilduff as chairman and Anne Anderson as president of Integro USA. Both Kilduff and Anderson are Integro veterans. Kilduff leads ...
Insured Losses From Hurricane Arthur Will Not Exceed $250M: RMS
Insured losses from Hurricane Arthur—the first hurricane to make landfall in the U.S. since 2012's Hurricane Sandy—will not exceed $250 million from wind and coastal flooding, according to ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
Soft Reinsurance Market Dampens Platinum’s Q2
For Bermuda-based Platinum Underwriters Holdings, Ltd., the 2014 second quarter offered plenty of downbeat statistics that showcase the struggles reinsurers face in an ever-softening market. Compared ...
Malaysia Airlines Plane Crash Insurance May Pose Quandary
Insurance on the Malaysian airliner brought down over Ukraine is likely to pay out relatively quickly if the cause of the crash is determined, but observers say settling insurance for the loss of 298 ...
RLI Scores With a Solid Q2
Specialty insurer RLI Corp. closed its 2014 second quarter with higher underwriting income and net earnings, greater book value, and growth in premiums earned. But the Illinois company still faced a ...
Allianz Leads Reinsurance on $97.3M Jet Downed in Ukraine Crash
Allianz SE is the lead hull and liability reinsurer on a Malaysia Airlines passenger jet that was shot down over eastern Ukraine. The aircraft's value is about $97.3 million, London-based insurance ...
Liberty Mutual Punts $3.3B in Liabilities to Berkshire Hathaway Arm
Liberty Mutual Insurance is ceding $3.3 billion in asbestos, environmental and workers compensation liabilities to Berkshire Hathaway subsidiary National Indemnity Company in one of the larger ...
Senate Overwhelmingly Approves TRIA Renewal Bill
The U.S. Senate overwhelmingly approved a bipartisan bill that would renew the Terrorism Risk Insurance Act, even as the House struggles to schedule a floor vote for its version before the August ...