U.S.
Insurance, Reinsurance CEOs Join Global Push to Weave Insurance Concepts Into Disaster Planning
A group of insurance, reinsurance and global broking CEOs are assisting the work of the Insurance Development Forum (IDF), which was launched last month to help build resilience to climate risk and ...
XL Catlin Helps Back Embroker, an Automated Broker Startup
XL Catlin's investment arm contributed to a $12.2 million venture-funding round for Embroker, a startup focused on automating the insurance broker experience for small and midsize business owners. ...
New Allstate App Helps Customers Obtain Auto Repair, Maintenance Services
Allstate has teamed up with Openbay, an online marketplace for non-collision auto-repair and maintenance services, to allow consumers to obtain multiple price quotes and schedule auto repairs for ...
Takata Air Bag Part Recall Hits 14M in Expanded U.S. Effort; Disputes Remain
Japan's Takata Corp declared nearly 14 million air bag inflators defective as part of an expanded U.S. recall, but it said it considered the recall investigative, leaving the thorny question of ...
Activist Investor Carl Icahn Buys More AIG Shares
Activist investor Carl Icahn has raised his stake in American International Group Inc by 5.2 percent, putting him in a better position to pressure the insurer to split into three independent ...
Slow 2015 Premium Growth Could Reflect ‘New Normal’ for U.S. P/C Insurers
For U.S. property/casualty insurers, net written premium still grew in 2015, but the rate of expansion is slowing, and the industry's collective combined ratio worsened slightly, according to a new ...
Executives On The Move at XL Catlin, Zurich, Marsh and QBE
XL Catlin added four new executives to beef up its global energy team. Marsh hired a new key executive. QBE North America promoted an executive in its specialty programs arena. Zurich named a new ...
Self-Driving Cars Could Create Traffic Congestion Surge
Self-driving cars are expected to usher in a new era of mobility, safety and convenience. The problem, say transportation researchers, is that people will use them too much. Experts foresee robot ...