U.S.
Bespoke Coverage Could Help Reinsurers Dig Way Out of Profit Plunge
In a world of increasing automation and standardization, Europe's big reinsurers are betting that a more personal touch can reverse years of falling prices. Companies including Munich Re AG and Swiss ...
Uber Driverless Auto Pilot Program Rolled Out in Pittsburgh
When Pittsburgh woke up on Wednesday morning, some residents started having the choice of going about their day in an Uber that drives itself. The launch of Uber's self-driving pilot program marks ...
Allianz’s PIMCO Alleges Co-Founder Bill Gross Leaked Confidential Bonuses
PIMCO escalated its legal battle with estranged co-founder Bill Gross by saying he leaked confidential pay information to the media and may have destroyed documents in violation of court rules. ...
New York Issues First-of-Their-Kind Cyber Regs for Insurers and Banks
New York Governor Andrew Cuomo on Tuesday issued long-anticipated proposed cyber security regulations for banks and insurers in the state, the first of their kind in the United States by any state or ...
The Trial of Ex-AIG Chairman Hank Greenberg Finally Begins
Opening arguments began on Tuesday in the trial of former American International Group Inc chairman Maurice "Hank" Greenberg over accounting fraud at the insurance giant some 16 years ago. Greenberg, ...
Lloyd’s Chairman to Reinsurers: Target Brokers’ Fees to Cut Costs
Reinsurers, forced to cut prices for four years in a row, should target brokers' fees as the industry seeks to reduce costs, according to Lloyd's of London Chairman John Nelson. The brokers need to ...
“Danger Phase” May Be Next for P/C Industry Loss Reserves
Property/casualty insurers and reinsurers have released redundant liability reserves into their earnings for the past eight years as a result of favorable loss development. This practice has worked ...
Liberty Mutual Debuts Insurance Service for Amazon’s Alexa Voice-Controlled Device
Now shopping for insurance is simpler than ever. Just speak up. Liberty Mutual Insurance has launched the first insurance-focused service for Amazon's Alexa, a voice-controlled device that plays ...