U.S.
U.S. P/C Insurers Heading for 2016 Underwriting Loss: A.M. Best
The U.S. property/casualty industry will likely post a small underwriting loss for 2016 after three previous years of underwriting profits, A.M. Best said in a new report. A.M. Best's report ...
Expect Broader and Cheaper D&O Policies in 2017: Marsh
Directors and officers liability policies are likely become broader and continue getting cheaper in 2017 – among the likely trends expected for the financial and professional liability insurance ...
Former VW CEO Under Investigation by German Prosecutors
German prosecutors are investigating former Volkswagen chief executive Martin Winterkorn on suspicion of fraud, looking into when he first knew that the carmaker was rigging diesel emissions tests. ...
2017 Won’t be “Too Pretty” for U.S. P/C Insurance Earnings, S&P Warns
This year will be a turning point for the U.S. property/casualty (P/C) insurance sector, as rising claims outpace pricing and reserve releases materially decrease, but it will not be a "softer for ...
A.M. Best, Fitch Place AIG Under Review Over Anticipated Reserve Charge
American International Group won't be reporting its Q4 2016 financials until Feb. 14, but a disclosure about a "material adverse reserve adjustment" from the insurer for its U.S. commercial business ...
The Latest Launches From Hiscox and Brit Ltd.
Hiscox recently started selling a policy designed to give clients added crisis management services. Brit Ltd. unveiled a new Lloyd's consortium for yachts. *** Hiscox has started selling a Security ...
While Hurricane Matthew Hurt, RLI Ended 2016 With Healthy Combined Ratio
Losses from Hurricane Matthew helped contribute to RLI Corp.'s 2016 fourth quarter drops in property/casualty underwriting income. But the specialty insurer's combined ratio remained at healthy ...
Costco Wins Dismissal of Lawsuit Involving Slave Labor-Harvested Thai Shrimp
Costco Wholesale Corp. won dismissal of a lawsuit claiming it didn't disclose to customers that it was selling farmed shrimp from Thailand fed a diet of cheap fish caught at sea with unpaid, forced ...