U.S.
AIG CEO Reportedly Warns Staff Lifetime Employment Is Not Guaranteed
American International Group Inc. Chief Executive Officer Peter Hancock, who is shrinking the company while fighting off an activist investor, told staff that they can't all count on lifetime ...
BHSI Has Asia in Sight With New D&O Liability, Professional Indemnity Policies
Berkshire Hathaway Specialty Insurance, with an eye on expanding in Asia, is marketing new D&O liability and professional indemnity policies to commercial and financial firms. The insurer's ...
Buffett’s Railway Company Helped Lead Successful Effort to Delay Train Safety Tech
When an Amtrak passenger train derailed in Philadelphia in May, killing eight people and injuring scores more, the railroad industry's campaign to delay a Dec. 31 deadline to install technology to ...
Takata Must Pay Up to a Record $200M Over Defective Air Bags
The Japanese maker of air bags linked to the deaths or injuries of dozens of motorists has agreed to pay a U.S. civil penalty of up to $200 million and have an independent monitor oversee the ...
A 106.5 Combined Ratio for Allstate’s Esurance Is Good News
A combined ratio of 106.5 would be a sign of trouble for almost any property/casualty insurer. For Allstate's Esurance, the number is good news. Esurance, an online auto and home insurance provider, ...
Executives On The Move at QBE, PartnerRe, Aspen and Willis
We have promotions and appointments to tell you about at QBE North America, Aspen Insurance Holdings, PartnerRe and Willis Group Holdings: *** QBE North America is bringing on a veteran of Fireman's ...
Allstate Sees Double-Digit Profit Drop Due to Auto Policy Slowdown
Allstate Corp., the largest publicly traded U.S. car and home insurer, said third-quarter profit slipped 17 percent as claims rose and policy growth slowed in the automobile-coverage business. Net ...
AIG CEO Rejects Icahn Plan to Split Insurance Giant Into 3
American International Group Inc. Chief Executive Officer Peter Hancock dismissed activist investor Carl Icahn's proposal to split the company into three insurers, saying a separation would limit ...