Greenberg, New York AG Settle Long-Running Reinsurance Dispute February 12, 2017 By Chris Dolmetsch and Sonali Basak Ex- American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg admitted to taking part in two deals to make...
Markel Closed 2016 with Improved Investment Gains and Higher Cat Losses February 10, 2017 By Andrew G. Simpson Markel Corp. ended 2016 with a drop in net income and increase in the combined ratio, with Hurricane Matthew and...
Insurance Safety Institute Elects Board Members; Allstate’s Yager Becomes Chairman February 10, 2017 The Insurance Institute for Highway Safety is pleased to announce the election of Floyd M. Yager as the new chairman...
Undoing U.S. Financial Regulations Could Bar U.S. Firms from EU February 10, 2017 By Huw Jones Some U.S. financial institutions could be locked out of the European market if Donald Trump’s administration repeals global rules imposed...
Zenefits’ New CEO Announces 430 Layoffs in First Week on Job February 10, 2017 By Heather Somerville Zenefits is laying off nearly half its staff as the software startup grapples with the fallout of insurance violations that...
Health Insurers Weigh Next Moves After Striking Out on Mergers February 10, 2017 By Andrew Harris, David McLaughlin and Zachary Tracer After 18 months of courtship and court cases, two massive deals that would have reshaped the U.S. health insurance industry...
Update: Blackstone to Buy Aon’s Benefits Outsourcing Unit February 9, 2017 By Greg Roumeliotis and Lauren Hirsch Insurance broker Aon Plc said on Friday it agreed to sell its employee benefits outsourcing business to private equity firm...
Safety National Adds Workers’ Compensation, Captive Services Products February 9, 2017 Safety National Casualty Corp. has added two new offerings to its suite of products: large guaranteed cost workers’ compensation and...
Severe U.S. Weather During January Cost Insurers More Than $1B: Aon February 9, 2017 Major weather and flood events in the U.S. during January will cost the insurance industry more than $1 billion as...
U.S. Court Deals Opponents of Obama Fiduciary Rule a Setback February 9, 2017 By Sarah N. Lynch A U.S. federal judge on Wednesday upheld an Obama-era rule designed to avoid conflicts of interests when brokers give retirement...