U.S.
Capital Gains Mute P/C Industry H1 Operating Income Decline
The combined ratio for the property/casualty insurance industry became slightly worse in the first half of 2014, as net investment income declined and weak operating income continued. But net income ...Geithner: AIG’s Collapse Could Have Triggered Global Mass Panic
The failure in 2008 of American International Group Inc., the world's biggest insurer, would have caused "mass panic on a global scale," Timothy Geithner, the head of the Federal Reserve Bank of New ...
How Insurers Gain ‘Systemically Important’ Status May Be Tweaked
The U.S. top financial risk council may tweak the way in which it identifies insurers and other companies that are not banks as systemically important, a process the industry and politicians have ...
Hanover Insurance Gets Ratings Affirmation in Advance of Q3 Earnings
The Hanover Insurance Group doesn't release its 2014 third quarter financial results until Oct. 29. But Fitch Ratings has given the Massachusetts-based U.S. property/casualty insurer an early bit of ...Oaktree Capital Names Ex-AIG Executive Wintrob As First CEO
Oaktree Capital Group LLC named Jay Wintrob, the former head of American International Group Inc.'s life insurance business, as its first chief executive officer. Wintrob will have primary ...
AIR Releases Inland Flood Model for U.S.
Catastrophe risk modeling firm AIR Worldwide (AIR) has released a physically based, probabilistic inland flood model for locations on and off the many and varied floodplains across the United States. ...
Missing Daughter’s Prayer Service Benmosche’s Big Regret
After five years rebuilding American International Group Inc. in the wake of a government bailout, Robert Benmosche said his biggest regret has nothing to do with the turnaround of the insurer. It ...
Supreme Court to Decide Future of Disparate Impact Claims
Taking up a case closely watched by banks and insurance companies, the U.S. Supreme Court agreed last week to decide whether federal housing law permits racial bias claims based on seemingly neutral ...