U.S.
NAIC Names 2019 Key Committee Leaders
The National Association of Insurance Commissioners (NAIC) has named its 2019 committee chairs and vice chairs. The association of state insurance regulators also assigned members to its standing ...
Big 3 Drive Personal Auto Insurance Recovery; Signs of Rate Hike Fatigue Ahead
Steady improvement for U.S. personal auto insurance companies has culminated in the sector's best underwriting performance in 10 years, according to a report from Fitch Ratings. The market ...
Gen. McChrystal at the I.I.I. Joint Industry Forum: Good Leaders Are Gardeners
Gen. Stanley McChrystal said a leader should be a gardener. That isn't necessarily something you'd expect to hear from McChrystal, a retired United States Army four-star general, and former commander ...
U.S. Proposes Dramatic Expansion of Commercial Drone Flights
The federal government has unveiled a long-awaited set of proposals to dramatically expand civilian drone flights while also tightening security, critical steps for an industry seeking to expand into ...
Former CNA CEO Motamed Joins AIG Board
The board of directors of American International Group has elected Thomas Firouz Motamed, who retired as chairman and chief executive officer of CNA Financial Corp. in 2016, as a director. Motamed ...
Executives On The Move at AXIS Capital Holdings and BHSI
AXIS Capital Holdings is hiring a former Chubb executive as its new chief information officer. Berkshire Hathaway Specialty Insurance named the head of its new Property Construction division in the ...
Fortellix Raises $14M to Automate Generation of Safety Data for Driverless Vehicles
An Israeli-based startup focused on automating the generation of safety verification data for autonomous vehicles has raised a $14 million Series A financing round. Fortellix raised the money from ...
Hedge Fund Baupost Reported to Hold $1 Billion in PG&E Insurance Claims
Seth Klarman's Baupost Group has been the poster child of the hedge fund industry's ill-timed stock-market bets on the troubled utility PG&E Corp., which announced plans for bankruptcy. It turns ...