U.S.
Lower Disaster Claims, Higher Prices Boost Travelers’ Q4 Profit
Travelers Cos., the property/casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit more than tripled as claims costs from natural disasters fell a year after Superstorm ...
TRIPRA Uncertainty Already Pushing Workers Comp Rates Up, Marsh Says
Without disclosing the magnitude of rate changes they may be facing, Marsh reported Tuesday that employers with large concentrations of employees are experience workers compensation rate hikes and ...
Expect Nothing ‘Radical’ in 2014 for Reinsurance Prices: Allianz Re CEO
Property and casualty reinsurance rates, which fell in seven of the last 10 years, probably won't rebound in 2014, the head of Allianz SE's reinsurance arm said. "Last year's catastrophe activity was ...
New York AG Bureau to Target Financial Industry Crimes
New York Attorney General Eric Schneiderman has created a new bureau to prosecute large-scale financial crimes. The newly formed Criminal Enforcement and Financial Crimes Bureau will "ferret out the ...
P/C Insurance Execs Expect TRIA Renewal, But Split on Workers Comp Profits
While more than 90 percent of property/casualty insurance industry executives say they expect renewal of the Terrorism Risk Insurance Act, the jury is out on whether commercial lines profits will ...
Northridge Earthquake Today Could Cost Insurers $20B: RMS
An earthquake like 1994's Northridge, California quake could cause $20 billion in insured losses today, catastrophe modeling firm RMS said last week. RMS made the announcement on Friday, Jan. 17, ...
Iglesias Succeeds Knight as President of Allied World North America
Allied World Assurance Company Holdings, AG has appointed Lou Iglesias as president for Allied World North America. Iglesias is currently president, U.S. Property & Casualty. He succeeds Gordon ...
Oracle Denied Bid to Have D&O Insurer Beazley Pay $20M Over Ellison Acquisition
Oracle Corp. can't rely on an insurer to pay $20 million to help settle shareholder claims over the software maker's acquisition of a company controlled by Oracle founder Larry Ellison, a judge ...