News
Hartford’s Outlook Now Positive, A.M. Best Says
Rating agency A.M. Best changed the outlook associated with the "A" financial strength rating of the members of the Hartford Insurance Pool to positive from stable Thursday, citing a reduced risk ...
Allianz Targets Energy Industry as Insurer Expands in Canada
Allianz SE, Europe's biggest insurer, is expanding in Canada, targeting protection for the energy and mining industries. The insurer plans to boost gross written premiums in the nation to C$500 ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
Second Chile Quake Bigger Than Expected for Aftershock: RMS
The magnitude 7.6 earthquake that struck northern Chile late Wednesday—only a day after the area was hit by a magnitude 8.2 quake and subsequent tsunami waves—is "bigger than would be expected ...
Hiscox Study Reveals Top States for Employee Lawsuits
An typical California employer has nearly an 18 percent chance of finding its business on the receiving end of an employment liability charge, according to a new study, which reveals that this is 42 ...
Cyber Insurance Not Just for Financial Firms, Retail Clients Anymore: Marsh
In its latest report on benchmarking trends in the cyber insurance, broker Marsh reveals that while high-profile breaches in the retail sector may be one factor sparking demand, increases in ...JPMorgan Releases Funds to Russian Insurer After Russia Protest, U.S. Approval
JPMorgan Chase & Co. is unfreezing a money transfer from a Russian embassy in Central Asia to an insurer linked to U.S.-sanctioned bank after getting a go-ahead from regulators. "Following ...
Alibaba’s Blueprint for E-Commerce Empire Includes Insurance, Mutual Funds
Alibaba, the world's biggest e-commerce company, changed how China shops. Now the man driving its blockbuster U.S. stock sale wants to transform the rest of the country's services industry, adding ...
Zurich Defends CFO Suicide Report Prior to Widow’s Speech to Shareholders
The widow of Zurich Insurance's late finance chief on Wednesday rejected a report into his suicide, telling the Swiss company's annual shareholder meeting she could not accept the findings of an ...