Uncertainties Outweigh Growth Benefits When P/C Insurers Take On Too Much Cyber Risk, Rating Agency Warns April 4, 2016 By Andrew G. Simpson If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a...
Zurich Completes Acquisition of RCIS Crop Insurance Business from Wells Fargo April 1, 2016 By Andrew G. Simpson Zurich American Insurance Co. said it has completed its acquisition of Rural Community Insurance Agency (RCIA) and its subsidiary Rural...
Startup Slice, Offering Insurance for On-Demand Workers, Raises $3.9M March 29, 2016 By Andrew G. Simpson Slice Labs Inc., an instech startup set to launch an on-demand platform to sell insurance to participants in the on-demand...
Most Doctors Overprescribe Opioids: National Safety Council March 28, 2016 By Andrew G. Simpson Most doctors– 99 percent — are prescribing highly addictive opioid medicines for longer than the three-day period recommended, according to...
Rating Agency Warns P/C Insurers on Taking On Too Much Cyber Risk March 21, 2016 By Andrew G. Simpson If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a...
New Chubb’s O’Brien Traverses High Wire of Integrating High Net Worth Businesses March 21, 2016 By Andrew G. Simpson Its acquisition of Fireman’s Fund’s business in April, 2015 provided ACE Ltd. with an idea of what’s involved in integrating...
The Hartford Expands E&S Capabilities with Acquisition of Maxum Specialty March 17, 2016 By Andrew G. Simpson The Hartford has agreed to purchase Northern Homelands Co., the holding company of excess and surplus lines insurer Maxum Specialty...
2 Instech Startups Target Small Business Insurance Market March 15, 2016 By Andrew G. Simpson Small business insurance providers will soon have two new competitors from the technology world. Next Insurance, an online shopper for...
What About Cuba as an Insurance Market? March 15, 2016 By Andrew G. Simpson There may be opportunities for some businesses including insurers in Cuba as the U.S. restores diplomatic ties but there are...
Liberty Mutual Profit Fell 70% in 2015 March 4, 2016 By Andrew G. Simpson Liberty Mutual Insurance saw profits fall for the fourth quarter and full year 2015 due to higher catastrophe and energy-related...