U.S.
XL Group CEO Confirms M&A Talks with Rival Catlin
XL Group plc has confirmed that it is in preliminary discussions focused on potentially acquiring rival Catlin. If an M&A agreement comes together, it would be a major consolidation move in the ...
Former Sony Workers Suing Over Unprotected Personal Info
Sony Pictures Entertainment has been sued by two self-described former employees who accuse the movie studio of failing to protect Social Security numbers, healthcare records, salaries and other data ...
Insurance Transformation: Is the Current Business Model at a Crossroads of Change?
Presented by Majesco
Insurance transformation is a business imperative, not a technology project. Without transformation, insurers will find themselves stuck with tools and...
Argo to Snatch up OneBeacon’s Lawyers Professional Liability Business
OneBeacon Insurance Group Ltd. has sold the renewal rights to its lawyers professional liability business to Argo Group US, Inc., a member of Argo Group International Holdings Ltd. The transaction ...
TRIA Renewal Efforts Appear Dead for 2014
A U.S. program that backstops insurance companies' losses from acts of terrorism is set to end after the Senate didn't extend it. Efforts to reauthorize the Terrorism Risk Insurance Act for six years ...
Families of Sandy Hook Victims Sue Gunmaker, Seller
The families of nine of the 26 people killed and a teacher injured two years ago at the Sandy Hook Elementary School filed a lawsuit against the manufacturer, distributor and seller of the rifle used ...
Lobbying Onslaught Counters TRIA Renewal Stumble
It is in the Senate's hands to extend the Terrorism Risk Insurance Act, or TRIA, a law that establishes federal reinsurance in case of a terrorist attack, but legislative disputes threaten to prevent ...
Rare Twister, Mudslides in California
Californians were cleaning up Saturday from a major storm that soaked the drought-stricken state before moving east to drop rain on Arizona. Perhaps the biggest job was in Camarillo, about 50 miles ...
Novarica: Large P/C Companies Widen Lead in Advanced Technology Race
Large property/casualty insurers are widening their lead over small- and medium-sized competitors in the race to add advanced technologies into daily work, Novarica concluded in a new report. ...