U.S.
Q2 Survey: P/C Commercial Rate Hikes Keep Slowing
In some sobering news for commercial property/casualty insurers, the 2014 second quarter brought slower rate increases and even some price dips. That's according to the latest quarterly survey of the ...
Allstate Reduces Private Equity and Real Estate Stakes
Allstate Corp., the largest publicly traded U.S. auto and home insurer, sold about $300 million of private equity and real estate investments in the second quarter as values surged. "We thought the ...
The Hartford Discloses a Second-Quarter Slump
The Hartford Financial Services Group said Wednesday its 2014 second quarter net loss widened to $467 million, compared to a net loss of $190 million during last year's second quarter. The results ...
PCI’s Griffin Testifies on Lessons Learned After Sandy
Don Griffin, vice president of personal lines at the Property Casualty Insurers Association of America (PCI), testified Wednesday before the Senate Committee on Banking, Housing and Urban Affairs ...
UnitedHealth’s $173M Fine May Be a Warning to P/C Insurers
A decision by California Insurance Commissioner Dave Jones to fine UnitedHealth Group $173.6 million for violations having to do with the Unfair Business Practices Act, the Unfair Insurance Practices ...
Greenberg Faces January Trial in 9-Year-Old Spitzer Suit
Maurice "Hank" Greenberg, the former chairman of American International Group Inc., will go on trial in January after more than nine years of legal jousting over former New York Attorney General ...
Primary-Enforced Texting Laws Save Drivers’ Lives: University Research
New research appears to confirm that laws against texting while driving do reduce traffic fatalities if they are primary enforcement laws. Primary texting bans are associated with a 3 percent ...
Congress Urged to Help Miners with Black Lung Disease
A retired coal miner who suffers from black lung disease urged Congress last week to help clear a backlog of claims of fellow miners who have the disease. "I look to y'all to help us to get that ...