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Today's Headlines October 22, 2018

Insurers' Growth Strategy: It's All About Results

Insurance companies today are all targeting profitable growth. There's a buzz in the marketplace that one can shoot in any direction and hit their target. It's not that easy, however, because real growth opportunities are not everywhere. If hitting a target only involved aim, every company would be hitting the mark. The fact is, most... read more

Agents and Insurance Carriers: The Changing Nature of Their Relationship in a Customer-Centric World

Auto insurance shoppers are placing a greater importance on having more services provided to them today versus five years ago, underscoring the fact that shoppers are increasingly demanding more product options and more and different ways to connect with their insurer, according to the J.D. Power 2018 Insurance Shopping Study. The study also found that... read more

AIG Alert: Florence, Typhoons Will Cause Up to $1.7B in Cat Losses

American International Group Inc. expects to report third-quarter catastrophe losses of $1.5 billion to $1.7 billion from natural disasters including Hurricane Florence and typhoons Jebi and Trami. The shares fell in extended trading. read more

Arch Insurance Appoints Shulman to Lead North American Business; New Organizational Structure Added

Arch Insurance named a long-term executive at the company to lead its North American operations. Matt Shulman will take on the newly-created role of CEO, Arch Insurance North America, effective January 1, 2019. read more

Berkshire Hathaway Sued, Accused of Trying to Cripple Company That Sells Duracell Products

Warren Buffett's Berkshire Hathaway Inc. was accused in a lawsuit of trying to cripple a New York-based company that sells Duracell-branded products after the billionaire investor acquired the battery maker in 2016. read more

Executives On The Move at Axis Capital Holdings and Everest Insurance

AXIS Capital Holdings brought on an Allied World veteran to fill a new executive position. Everest Insurance has given one of its longtime executives additional responsibilities. read more

Hurricane Michael Insured Losses Could Hit Between $6.8B-$10B: RMS

Insured losses from Hurricane Michael now look to be between $6.8 billion and $10 billion, according to a new estimate from catastrophe modeler RMS. read more

UK PM May Reportedly Bends on Brexit Border Demand

U.K. Prime Minister Theresa May is said to be ready to ditch one of her key Brexit demands in order to resolve the vexed issue of the Irish border and clear the path to a deal, according to people familiar with the matter. read more
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