Commercial Auto Insurers Still Struggle to Profit: Fitch May 6, 2014 Commercial automobile insurers reported a third consecutive year of underwriting losses in 2013. According to an analysis by Fitch Ratings,...
Jury Affirms Samsung Must Pay Apple $119M in Damages for Patent Infringement May 6, 2014 By Dan Levine A U.S. jury on Monday left the total damages Samsung Electronics Co. Ltd. must pay Apple Inc. unchanged at $119.6...
Mariners General Names Mallard to Head Florida Operation May 6, 2014 Mariners General Insurance Group has named Richard Mallard to assume operations of the company’s regional office in Bradenton, Florida. Mariners...
Security Expert Practices ‘Cyber-Hygiene’ to Guard Against ID Theft May 6, 2014 By Mitch Lipka You won’t find security expert Michael Chertoff doing silly everyday things like using public WiFi, logging in with the same...
Global Insurers Plan to Increase Risk in Portfolios: Goldman Sachs Survey May 6, 2014 By Gertrude Chavez-Dreyfuss Global insurance firms are embracing risk in their portfolios this year, as they plan to increase allocations to alternative investments...
Best Reports Competition, Top-Line Growth Affected Saudi Insurers in 2013 May 6, 2014 A report from A.M. Best notes that “Saudi Arabia’s insurance market remains one of the main markets within the Gulf...
Australia Issues Further El Nino Alert as Event Seen Developing May 6, 2014 By Phoebe Sedgman Australia issued an El Nino alert on expectations the weather-altering pattern will probably develop as early as July, potentially bringing...
Willis Appoints Everling Netherlands CEO May 6, 2014 Willis Group Holdings plc has appointed Jeroen Everling as CEO of Willis Netherlands (Willis BV), effective June 1, replacing interim...
Wells Fargo Completes Sale of 40 Regional Insurance Offices to USI May 5, 2014 Wells Fargo Insurance has completed the sale of 40 of its smaller regional insurance brokerages and consulting offices to USI...
West Virginia Judge Allows City’s Chemical Spill Investigation to Continue May 5, 2014 A Putnam County judge has ordered a Hurricane landfill where wastewater from a Charleston chemical spill was dumped to produce...