AIG Sued by Small Businesses Over Workers’ Compensation Reporting October 10, 2013 By Don Jergler and Young Ha Class action lawsuits in federal courts on both coasts have been initiated on behalf of small businesses in California, New...
Sanders to Succeed Latham as President of Markel Wholesale October 10, 2013 John Latham is stepping down as president of Markel Wholesale effective Dec. 31, 2013 and will be succeeded by Bryan...
D&O Liability Insurance Rates Fell in Q2: Marsh October 10, 2013 U.S. publicly-traded clients paid 4.9 percent more on average for their primary directors and officers liability (D&O) coverage in the...
Financial Stability Regulators Discuss Debt Limit, Government Shutdown October 10, 2013 By Emily Stephenson U.S. financial regulators discussed the federal debt ceiling and the effect of the government shutdown on market monitoring during a...
Progressive: Investment Income Slips; Premiums and Auto Policies Up October 10, 2013 Progressive Corp., the fourth-largest U.S. auto insurer, said profit dropped 16 percent as investment income declined for a 12th straight...
P/C Stock Valuations Unlikely to Improve Much in Near Term: Conning October 10, 2013 While property/casualty insurance stock valuation levels are finally exceeding book values after four years of below-book levels, a near-term return...
JC Flowers, Apollo to Bid on Hartford’s Japan Unit: Reuters October 10, 2013 Private equity firms J.C. Flowers & Co and Apollo Global Management are among a handful of companies expected to bid...
Zurich Launches Side A D&O Coverage for Corporate Leaders in the U.S. and Abroad October 10, 2013 Zurich has introduced a new Side A D&O policy that addresses the evolving litigation landscape and provides coverage for liability...
Top 10 Market Conduct Complaints by Regulators Against P/C Insurers October 9, 2013 Failure to handle claims within specified time frames and using unapproved forms and rates are the top two criticisms of...
Forecast for 2014 Commercial P/C Pricing: Willis October 9, 2013 Commercial property insurance buyers could see prices fall from 10 to 20 percent on non-catastrophe risks in 2014 thanks to...