Updated: Federal Insurance Office Seeks Comments on Auto Insurance Affordability April 17, 2014 By Andrew G. Simpson The insurance office within the U.S. Treasury is looking into whether minorities and low and moderate income Americans have access...
TIG Insurance Sues NHL to Limit Its Defense in Players’ Concussion Lawsuits April 17, 2014 By Chris Dolmetsch The National Hockey League was sued by an insurer seeking to limit its duty to defend the league in lawsuits...
GM Creates New Product Safety Team April 17, 2014 General Motors Co. Chief Executive Officer Mary Barra, under fire for the company’s slow response to flawed ignition switches linked...
Boston Marathon Attacks Convinced Smaller, Midsized Firms to Buy Terror Insurance April 17, 2014 By Prashant Gopal, Christopher Condon and Jack Fairweather For landlord Peter Zagorianakos, terrorism insurance wasn’t a necessity until the bombs went off last April at the Boston Marathon...
South Carolina Looks to Increase Home Mitigation Funding April 17, 2014 By Michael Adams South Carolina lawmakers are moving forward with a plan to increase grants to homeowners who strengthen their homes against storm...
Broker/Insurer Combo Launch Food and Beverage Industry Contamination Coverage April 17, 2014 Willis Group Holdings has announced the launch of a new product contamination insurance proposition, in partnership with XL Group, Willis...
Mexico Broker AER Joins Brokerslink in Expansion Move April 17, 2014 Independent insurance broker network Brokerslink announced that it has gained a new member in the key Monterrey corporate market in...
Sompo Japan, Nipponkoa Looking for Growth beyond Traditional Assets April 17, 2014 By Hideyuki Sano and Hirotoshi Sugiyama Sompo Japan Insurance and Nipponkoa Insurance are already acting as one entity ahead of their merger in September. They’ve announced...
Willis Exec Warns Mutual Insurers Face Increasing ‘Pricing Pressure’ April 17, 2014 According to David Thomas, CEO of Market Services & Solutions at Willis, Mutual insurers face increasing pricing pressure so must...
Poland’s PZU to Pay $498 Million for RSA’s Eastern European Units April 17, 2014 By Marta Waldoch PZU SA, central Europe’s largest insurer by market value, agreed to buy RSA Insurance Group Plc’s four units in the...