Why Independent Agents Went to Capitol Hill to Lobby May 12, 2016 By Bob Rusbuldt Independent insurance agents and brokers from all 50 states convened in Washington, D.C., last month for the Big “I” Legislative...
Usage-Based Auto Insurance, Slow at First, Picking Up Speed May 12, 2016 Usage-based auto insurance will explode globally in the next seven years, a new industry analysis asserts. IHS Inc.’s IHS Automotive...
AIG Chairman Defends Keeping Both Life and P/C Insurance Units May 12, 2016 By Emma Orr and Sonali Basak American International Group Inc., which is shrinking under pressure from activist investors, is committed to retaining operations in both life...
Goldman Sachs Says Insurers Need Hedge Funds to Diversity Investments May 12, 2016 By Emma Orr and Sonali Basak Mike Siegel, who oversees about $190 billion at Goldman Sachs Group Inc.’s asset-management arm, said insurers should stick with hedge...
Venture Insurance Adds New Market to Hunting, Fishing Resort Industry Program May 12, 2016 Venture Insurance Programs, a national insurance program administrator, has added Allied World Assurance Company (AWAC) as a new market for...
Manchester Specialty to Offer Allied Health Business Program Through Great American May 12, 2016 Manchester Specialty Programs, a national specialty underwriting and insurance program management firm for home care, hospice and other health-related classes,...
Brown Named CEO of Willis Programs May 11, 2016 Willis Towers Watson has appointed Stacy D. Brown as president and CEO of Willis Programs, the company’s program administration business....
Clark to Head New Everest Specialty Unit Targeting Private Equity, Hedge Funds May 11, 2016 Everest Specialty Underwriters said it has formed a new division, Alternative Solution Group, to offers transactional risk insurance as well...
Medical Professional Liability Insurers’ Profits Decline But Outlook Stable: A.M. Best May 11, 2016 The specialty medical professional liability (MPL) insurance industry remained profitable in 2015, however its net income fell nearly 36.6 percent...
Agency Mergers Set Record with ‘Unstoppable Momentum’ in Q1: Optis May 11, 2016 Insurance agency mergers and acquisitions hit an all-time high for the first quarter of a year, with 109 reported transactions...