U.S.
Ex-Treasury Deputy Wolin Says Federal Insurance Office Makes Sense
To make continued improvements in the U.S. insurance regulatory system, it's imperative for state and federal officials to work collaboratively and share information and perspectives, said former ...
Munich Re’s Hartford Steam Boiler to Buy Hartford Building
Munich Re, the world's largest reinsurer, said its Hartford Steam Boiler agreed to buy the 24- story building that serves as the unit's headquarters. The structure at One State Street in Hartford, ...
Reinsurance Costs Helping to Lower Florida Homeowners Rates: OIR
Florida's top insurance regulator says that state residents are starting to benefit from a more competitive homeowners market as rates have started to trend downward due in part to the reduction in ...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 ...