Insurer Fossil Fuel Divestment Focus of Washington Climate Change Summit June 2, 2016 By Don Jergler Getting insurers to rid themselves of investments in fossil fuels, creating products to deal with climate change and helping the...
U.S. Insurer, Tech, Business Groups Balk at China’s Rules on Insurance Cybersecurity June 2, 2016 Business groups from the U.S. and around the world protested planned cybersecurity rules for the insurance industry in China in...
Greenberg Facing Trial in New York AG’s Case Tied to AIG Reinsurance Deal June 2, 2016 By Karen Freifeld Former American International Group CEO Maurice “Hank” Greenberg must stand trial over alleged sham transactions, New York’s top court ruled...
AIG to Appeal Ruling Letting PIMCO Suit Over Financial Crisis Investments Proceed June 2, 2016 By Edvard Pettersson American International Group Inc. failed to persuade a judge to throw out a lawsuit by Pacific Investment Management Co. over...
Insurance Rates Unlikely to Rise a Lot Even If Hurricane Season is Above Normal: Fitch June 2, 2016 By Susanne Sclafane Hurricane forecasters may be split on whether the 2016 Atlantic hurricane season will be above average or normal, but even...
Atlantic Coast Should Expect Normal Hurricane Season, Says Colorado State June 2, 2016 By Brian K. Sullivan The Atlantic should produce a near-normal 12 storms during the six-month hurricane season that officially begins Wednesday, while the U.S....
QBE North America CFO Dziadzio to Join Assurant June 2, 2016 Assurant Inc. announced the appointment of Richard S. Dziadzio to the role of chief financial officer and treasurer. Dziadzio joins...
Erie Insurance Names NeCastro to Succeed Cavanaugh as Next CEO June 1, 2016 Erie Indemnity Co., the managing company for Erie Insurance, has named Timothy G. NeCastro as Erie Insurance’s president and CEO-designate...
Munich Re America Taps Stuhl for Broker Relations Senior VP Post June 1, 2016 Joe Stuhl has been named senior vice president and broker executive for Munich Reinsurance America’s (US) reinsurance division. Previously Stuhl...
Reinsurance Rates Continued Stabilization Trend at June Renewal; Florida Down Just 3.1%: JLT June 1, 2016 Reinsurance rate declines continued to slow at the June 1 renewal, reaffirming a trend of gradual price stabilization that first...