U.S.
The Latest Launches From Hiscox and Markel
A division of Hiscox is adding and expanding coverage for media and creative industries. Markel plans to join the surety market, with an initial rollout in the UK, Ireland and continental Europe. *** ...
Wraight, the New Academy of Insurance Director, Wants Customer Ideas as He Mulls Changes
Patrick Wraight has been named the director of the Insurance Journal Academy of Insurance, a leading property/casualty insurance learning center that is part of the Wells Media Group. Wraight, an ...
Former Willis Towers Watson Exec Joins JLT Specialty USA Cargo Team
A former Willis Towers Watson executive is joining JLT Specialty USA as senior vice president. Jim White, a 34-year-industry veteran, will work with JLT's global Cargo team, with a focus on expanding ...
Carriers Challenge CFA Over its No-Fault Auto Insurance Report
A national consumer group has charged that innocent drivers in most states are being forced to pay more for auto insurance for accidents in which they are not at fault. The report from the Consumer ...
Federal Reserve Chair Yellen Defends Global Regulatory Talks in Age of Trump
Federal Reserve Chair Janet Yellen, in response to a warning from a U.S. congressman to halt global regulatory talks in the early stages of Donald Trump's presidency, said in a letter the Fed has the ...
Insurer/Investor Group Urges G20 Economies to Phase out Fossil Fuel Subsidies
Investors and insurers with more than $2.8 trillion in assets under management on Wednesday called on the Group of 20 economies to phase out fossil fuel subsidies by 2020 despite U.S. doubts about ...
Insurance Software M&A: Sapiens to Grab StoneRiver for $102M
Sapiens International Corp. has agreed to snatch up StoneRiver Inc. for $102 million in cash – one of the larger recent acquisitions in the insurance software and services space. Plans call for ...
AIG Loses $3.04B in Q4, Slammed by Higher-Than-Expected Claims Costs
American International Group Inc. posted its fourth loss in six quarters, burned again by higher-than-expected claims costs as Chief Executive Officer Peter Hancock struggles to sustain ...