CEO Pusey to Leave Insurer Trade Group AIA for Eli Lilly May 10, 2017 The American Insurance Association (AIA) announced today that President and CEO Leigh Ann Pusey will be stepping down on June...
High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance May 10, 2017 By Oliver Suess For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping...
U.S. Weather Remains Biggest Driver of Global Insurance Losses in 2017: Aon May 10, 2017 Severe weather in the U.S. remains the largest contributor to global insurance losses in 2017 after April continued the trend...
Greenberg’s Starr to Appeal AIG Bailout Case to Supreme Court May 10, 2017 By Jonathan Stempel A federal appeals court threw out a ruling that the U.S. government illegally bailed out insurer American International Group Inc....
How Judging Moral Character Is a Matter of Principle, Not Good Deeds May 10, 2017 People may instinctively know right from wrong, but determining if someone has good moral character is not a black and...
Berkshire Hathaway Goes Small with biBERK Online Commercial Site May 10, 2017 By Jonathan Stempel It has been decades since anyone thought of Warren Buffett’s Berkshire Hathaway Inc., or even its insurance operations, as “very,...
Chubb’s Smith to Succeed Herman as President of CNA Specialty May 9, 2017 CNA has appointed Kevin Smith as president and chief operating officer for CNA Specialty. Smith will succeed Mark Herman who...
Court Denies Shareholder Claim Against AIG Bailout Case Led by Starr’s Greenberg May 9, 2017 By Jonathan Stempel A federal appeals court threw out a ruling that the U.S. government illegally bailed out insurer American International Group Inc....
How P/C Insurers Fared in 2016 May 9, 2017 Private U.S. property/casualty insurers lost big in 2016, reporting a $4.7 billion net underwriting loss driven, in part, by significantly...
Wells Fargo Weighing Sale of Insurance Brokerage Business: Bloomberg May 9, 2017 By Matthew Monks Wells Fargo & Co. is weighing a sale of its insurance brokerage business, which could fetch about $2 billion, people...