Insurers’ Annual Incurred A&E Losses Rose 12% in 2012: A.M. Best November 6, 2013 While generally not a material drag on the U.S. property/casualty industry’s earnings, industry losses from asbestos and environmental (A&E) claims...
MMC’s Marsh Insurance Brokerage Unit Q3 Revenue Rises 4% to $1.24B November 6, 2013 Marsh & McLennan Cos. (MMC) reported today its 2013 third quarter net income of $253 million, a 4.98 percent increase...
AIG Using Science to Define ‘Broker Quality Index,’ Not Following Market: Benmosche November 6, 2013 By Susanne Sclafane Property/casualty insurance brokers who aren’t diligent about the accounts they’re presenting to American International Group risk being discovered through one...
Insurers Keeping Property-Catastrophe Insurance Price Relatively Flat: NAPCO November 5, 2013 With more than $600 billion in policyholders’ surplus, the insurance industry is very well capitalized in spite of a large...
PLUS Conference: Global Risks, Governance and Hypocrisy November 5, 2013 By Andrew G. Simpson America’s European allies are being hypocritical in their complaints about the U.S. spying on them because they all have their...
Report: Warming Likely to Make Bad Things Worse November 5, 2013 By Seth Borenstein Many of the ills of the modern world — starvation, poverty, flooding, heat waves, droughts, war and disease — are...
U.S. Regulator Unveils New Insurance Fee Guidelines November 5, 2013 A U.S. housing regulator said on Tuesday that it would ban some fees and commissions that borrowers are compelled to...
Morgan Stanley Says AIG May Sue Over Mortgage Investments November 5, 2013 By Michael J.Moore Morgan Stanley, the sixth-largest U.S. bank by assets, said it may be sued by American International Group Inc. over mortgage-backed...
A Wary Supreme Court Allows Facebook’s $9.5M Privacy Settlement November 5, 2013 By Lawrence Hurley The U.S. Supreme Court on Monday let stand Facebook Inc.’s $9.5 million class action settlement over allegations the social networking...
Travelers Cancels ExlService Outsourcing Contract, Citing Confidentiality Breach November 5, 2013 Travelers Cos., the property insurer in the Dow Jones Industrial Average, ended a contract with ExlService Holdings Inc. after the...