Agent-Broker Organic Growth Slows to 5-Year Low: Reagan Consulting August 4, 2016 Organic revenue growth in independent insurance agencies and brokerage fell to 4.0 percent for the second quarter of 2016, down...
Pfizer Agrees to $486M Settlement with Shareholders Over Concealing Drug Risks August 4, 2016 By Jonathan Stempel Pfizer Inc. on Tuesday said it has reached a $486 million settlement of litigation accusing it of causing big losses...
New Cyber Safety Ratings for Software Could Aid Insurers August 4, 2016 A famed hacker who nearly 20 years ago told Congress he could take down the internet in 30 minutes is...
Volkswagen Wants Investor Class Action Suit Dismissed August 4, 2016 By Edward Taylor Volkswagen AG and its former chief executive have asked a U.S. federal judge in California to dismiss lawsuits filed by...
14 States Process $12.7B in Surplus Lines Premium in First Half 2016 August 3, 2016 Data from the 14 U.S. surplus lines service/stamping offices show they have processed almost $12.7 billion in insurance premium filings...
Lower Costs, Improved Underwriting Boost AIG Profit in Q2 August 3, 2016 American International Group Inc., the largest commercial insurer in the United States and Canada, reported an operating profit that beat...
The Hartford Names Chubb’s Ciullo To Lead Bond Business August 3, 2016 The Hartford has appointed Rick Ciullo chief operating officer of Hartford Bond, one of the largest underwriters of surety and...
Captive Insurers in Strong Position: A.M. Best August 3, 2016 Captive insurance companies rated by A.M. Best ended 2015 in strong form, recording pretax operating income of $1.4 billion, a...
Greenlight Re Seeks Recovery in Mortgage Market After Construction, Vehicle, Florida Losses August 3, 2016 By Sonali Basak and Simone Foxman David Einhorn’s Greenlight Capital Re Ltd., the reinsurer seeking to reverse underwriting losses, is pushing into the mortgage-guaranty market after...
Congress Urged to Interrupt Recess to Act on Zika Funding August 3, 2016 Federal health officials, scrambling to fund efforts to combat the spread of the Zika virus in the United States, said...