Surplus of Capital Continues to Temper Property Rates: Marsh December 19, 2013 The surplus of capital among insurers and reinsurers continued to have an overall softening effect in the U.S. property insurance...
AmWINS CEO DeCarlo Named 2014 Honoree of City of Hope Charity December 19, 2013 The City of Hope and the National Insurance Industry Council said M. Steven DeCarlo, CEO of Charlotte, North Carolina-based AmWINS...
Agents Say Getting More Carriers to Offer ‘Real Time’ Is Among Top Tech Priorities December 19, 2013 The industry should place its highest priority on “getting additional carriers to offer real-time capabilities,” according to a survey of...
Judge Allows Investors’ Class Action Against Facebook, Underwriters Over IPO December 19, 2013 By Bob Van Voris Facebook Inc. and the underwriters of its May 2012 initial public offering must face a class-action lawsuit by investors claiming...
Toyota Camry Improves in Insurance Safety Test December 19, 2013 By Alan Ohnsman and Angela Greiling Keane Toyota Motor Corp.’s Camry, headed for its 12th consecutive year as the best-selling car in the U.S., returned to Consumer...
The Agency Manager-Employee Operations Gap and E&O Risk: Survey December 19, 2013 By Andrew G. Simpson Agency managers tend to have a rosier view of agency operations than their employees do, according to a survey that...
Verisk Climate, WDT to Develop Weather-Related Analytics Products for Businesses December 18, 2013 Verisk Climate, a provider of enterprise climate risk management products, and Weather Decision Technologies (WDT), a weather industry technology provider,...
Tower Says Its Sale of Stake in Canopius Lessens Liquidity Concerns December 18, 2013 Tower Group International Ltd. said that it has paid $70 million that was outstanding to its Bank of America credit...
Death Spiral Unlikely for Obamacare: Study December 18, 2013 By Jason Lange A threat to America’s health insurance overhaul has been that young people would not buy coverage in new marketplaces, possibly...
One-Fifth of Drinkers Admit Driving When Near or Over Alcohol Limit December 18, 2013 By Alexandria Baca A fifth of U.S. motorists who drink say they’ve driven at least once in the past year when they thought...