U.S.
ACE CEO Warns Insurers May be Taking on Too Much Risk Again
Ace Ltd. Chief Executive Officer Evan Greenberg said there are signs the insurance industry is entering another era of taking on too much risk as competition pressures companies to lower prices to ...
Ex-AIG CEO Greenberg Scrambles to Avoid Fraud Trial
In a last-ditch effort to avoid trial, former American International Group Inc Chairman Maurice "Hank" Greenberg is seeking permission to ask New York's highest court to throw out the accounting ...
Travelers Expands Share Repurchase as Q1 Net income Drops
The Travelers Companies reported a big drop in net income during the 2015 first quarter, and its combined ratio nudged slightly higher. Executives attributed the results, in part, to a drop in net ...
Insurers Urge FAA to Speed Up Drone Use for U.S. Disaster Response
U.S. companies including insurers and aerospace manufacturers urged federal aviation regulators on Tuesday to speed up the use of drones in disaster response and relief operations in the United ...
BlackRock CEO: Low Interest Rates Threaten Insurers and Pension Funds
Low interest rate policies by central banks around the world are threatening insurance companies and pension funds, said Laurence D. Fink, chief executive officer of BlackRock Inc., the world's ...
U.S. Regulators Advocate Oil Train Risk Reduction Measures
Oil train operators must have detailed information on hand about the possible risks of their cargo in case of an accident and perform more thorough checks before moving on the tracks, U.S. ...
Florida Last-Resort Insurer Readying For Storms, Just in Case
Florida hasn't been hit by a hurricane since 2005, the longest stretch in more than a century. Its state-run property insurer isn't taking any chances. Even though forecasters predict this year will ...
It’s an Insurance Buyer’s Market For Now: Willis
Due in part to reduced catastrophe losses and the increased supply of capital, property/casualty insurance buyers can expect to face friendly market conditions on most lines of business for the ...