P/C Insurers Lost $5.1 Billion on Underwriting in First Half of 2017: A.M. Best August 29, 2017 The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017,...
Abuse of Nursing Home Residents Often Goes Unreported August 29, 2017 By Ricardo Alonson-Zaldivar More than 1 in 4 cases of possible sexual and physical abuse against nursing home patients apparently went unreported to...
Harvey’s Insured Losses Hurt Insurers’ Stocks, Could Boost Reinsurers’ Prices August 29, 2017 By Tim McLaughlin and Tom Sims Hurricane Harvey’s whipsaw of wind and rain across Houston and the Texas Gulf Coast hurt the shares of U.S. property...
AIG Revives Lucrative Top Executive Pay Packages of Pre-Bailout Glory Days August 29, 2017 By Suzanne Barlyn American International Group Inc.’s new Chief Executive Brian Duperreault has pledged to revive the insurer’s glory days of top talent,...
Key House Chairman Wants Flood Insurance Reforms, Not Just Renewal August 29, 2017 By Elizabeth Dexheimer A key Republican said Hurricane Harvey will spur Congress to reach a deal to fund the nation’s flood insurance program...
Trump to Send Congress ‘Very Expensive’ Disaster Aid Request for Harvey Victims August 29, 2017 By Patricia Zengerle and Susan Cornwell U.S. lawmakers are expected to pass a large aid package for victims of Hurricane Harvey, but specifics of the plan...
CNA, Aon Affinity to Offer Malpractice Program for Dental Practices August 29, 2017 CNA and Aon Affinity, the affinity business of Aon plc, have partnered to offer dental firms nationwide malpractice coverage to...
Data Firm TransUnion Buys Driving Records Provider Datalink August 28, 2017 Data provider TransUnion sad it has completed the acquisition of Datalink Services Inc., also known as Compass Driving Records, a...
Harvey’s Catastrophic Costs Mount; Many Lack Adequate Insurance August 28, 2017 By Sonali Basak Hurricane Harvey’s second act across southern Texas is turning into an economic catastrophe — with damages likely to stretch into...
High Cost, Scarcity of Insurance Keeping Vendors from Sears Shelves August 28, 2017 By Jessica DiNapoli and Richa Naidu U.S. department store operator Sears Holdings Corp. is having trouble stocking shelves, as some vendors have fled while others are...