P/C Chief Hancock to Succeed Benmosche as AIG CEO, President June 10, 2014 American International Group (AIG) has named Peter D. Hancock as president and chief executive officer, effective September 1. Hancock, who...
Travelers Promotes Schnitzer, Spadorcia in Business Segment Moves June 10, 2014 The Travelers Companies,Inc. has promoted Alan Schnitzer to vice chairman and chief executive officer of Business and International Insurance and...
Commercial Lines Prices Up Only 4% in Q1: Towers Watson June 10, 2014 Commercial insurance prices increased by 4 percent in aggregate during the first quarter of 2014, marking the lowest level of...
GM Looks to Settle Ignition Lawsuits, Avoid Punitive Damages June 10, 2014 By Linda Sandler General Motors Co.’s lawyers have said the carmaker will face punitive damages over ignition switch defects if its customers go...
Supreme Court Lets Stand $70M Florida Tobacco Rulings June 10, 2014 By Lawrence Hurley The U.S. Supreme Court on Monday declined to hear a series of appeals filed mainly by R.J. Reynolds Tobacco Co....
P/C Insurers Must Manage Emerging Risks Including the Next Big One June 10, 2014 Learning how to manage increasingly complex and evolving risks is essential if property/casualty insurers are to serve the needs of...
Supreme Court Denies BP Bid to Halt Claim Payments June 9, 2014 By Lawrence Hurley The U.S. Supreme Court on Monday declined to block payments BP PLC is required to make to businesses demanding compensation...
What Makes Agents Switch Carriers: Channel Harvest Research June 9, 2014 Most independent insurance agents stick with their top personal lines and commercial lines companies for years, although they are less-than-satisfied...
PIA, Floodbroker.com Offer Agents Flood Insurance Sales Tool June 9, 2014 The National Association of Professional Insurance Agents (PIA) has formed a partnership with Floodbroker.com that allows agents to sell flood...
Hartford CEO McGee Steps Down for Medical Recovery; Swift Named CEO June 9, 2014 By Zachary Tracer Hartford Financial Services Group Inc. promoted Christopher Swift to chief executive officer, replacing Liam McGee, who is stepping down after...