Surplus Lines Took Hit from Sandy in 2012 But Appears Back on Track in 2013 September 23, 2013 By Andrea Wells Surplus lines insurers in 2012 posted one of their worst years overall as their underwriting performance fell below that of...
‘Entitled’ Employees More Likely to Claim Bosses Mistreat Them September 23, 2013 Employees who have a sense of unjustified entitlement are more likely to say that their bosses are abusive and mistreat...
Technology, Not Presidents, Drives Healthcare Costs September 23, 2013 By Megan McArdle, Bloomberg View Last week I attended Brookings Papers on Economic Activity to watch some of the smartest economists in America debate some...
Vote on Prudential Systemic Risk Designation Was 7-2 September 23, 2013 Prudential Financial Inc., the second-largest U.S. life insurer, was designated systemically important in a 7-to-2 vote by a council of...
FEMA Chief Disappoints Senators, Says He Can’t Delay Flood Insurance Rates September 23, 2013 By Andrew G. Simpson Pressure continues to build in Congress to delay implementation of flood insurance reforms that are raising premiums for thousands of...
PCS Shows How Cat Loss Estimates are Made, and Why They’re Important September 20, 2013 By Charles E. Boyle The Property Claims Services (PCS) unit of Verisk Insurance Solutions could be described as the ultimate end product of risk...
JLT to Acquire Towers Watson Reinsurance Brokerage Unit, Expand Into U.S. September 20, 2013 UK-based broker Jardine Lloyd Thompson Group plc (JLT) said it is acquiring the reinsurance brokerage business of New York-based Towers...
JPMorgan Guilty Admission Marks Shift in SEC Policy September 20, 2013 By Joshua Gallu The U.S. Securities and Exchange Commission, in settling claims with JPMorgan Chase & Co. over its handling of a $6.2...
Judge Accepts Halliburton’s Guilty Plea in Gulf Oil Case September 20, 2013 By Allen Johnson Jr. and Margaret Cronin Fisk A federal judge accepted a Halliburton Co. unit’s guilty plea to destroying tests conducted on cement work connected to the...
Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy September 20, 2013 By Young Ha The Travelers Companies Inc. is adopting a new strategy to become more price-competitive in personal auto insurance. Travelers’ CEO Jay...