News
China to Remain Centerpiece of Asia Expansion for Munich Re
Munich Re, the world's biggest reinsurer, said China will remain its biggest growth market in Asia as it considers countries such as India too unpredictable to step up investment. "Our biggest ...
State Auto’s Restrepo Elected PCI Chair
State Auto Insurance Companies President, Chairman and CEO Bob Restrepo has been elected chair of the board of governors of the 1,000-member Property Casualty Insurers Association of America (PCI). ...
It has been said that the best advertisement for insurance is not having it (or not having enough of it)...
AIG Hires XL Group’s Maag as CEO of Europe, Middle East
American International Group Inc. hired Seraina Maag from XL Group Plc to run the Europe, Middle East and Africa region as Chief Executive Officer Robert Benmosche reshapes the insurer's leadership. ...
Finnegan to Remain Chubb CEO through 2016; Krump, Robusto Switch Some Roles
The Chubb Corporation's board of directors announced Thursday that John D. Finnegan, Chubb's Chairman, President and Chief Executive Officer, will remain in his current roles until the end of 2016, ...Old Republic Gains on Revival of Mortgage Insurer
Old Republic International Corp., the insurer that stopped selling home-loan guarantees in 2011, advanced the most in six months after announcing a plan to raise fresh capital and revive the ...
Flood Insurance Jumping Sevenfold Depresses U.S. Home Values
Rangel Dockery and her husband bought a waterfront house in Florida four months ago, assuming their $2,000-a-year flood insurance premium would remain about the same. After reading recently about a ...
Florida to OK Workers’ Compensation Rate Hike Under 1%
Florida regulators are rejecting a proposed one percent hike in workers' compensation insurance rates. Insurance Commissioner Kevin McCarty on Wednesday announced that he won't approve the hike that ...
Delaware Business Court’s Private Arbitration Ruled Unconstitutional by U.S. Court
Delaware's legal industry suffered a blow when a federal court found on Wednesday the state violated the U.S. Constitution with its novel system of allowing judges to arbitrate private business ...