Governors Report Pedestrian Fatalities Continue to Increase March 31, 2017 The number of persons on foot killed on U.S. roadways last year increased an estimated 11 percent compared to 2015,...
Republican Senator Wants Trump to Drop Systemic Risk Case Against MetLife March 31, 2017 By Pete Schroeder A Republican member of the Senate Banking Committee said on Thursday that he was “frustrated” that the Trump administration had...
Madoff Deals in Locked Safe a Focus of UK Lawsuit Seeking Damages of $66M March 31, 2017 By Patrick Gower Principal Financial Group Inc. accused the managers of Liongate Capital Management LLP of hiding investments with Bernie Madoff while negotiating...
Allianz Insurance Launches Live Video Streaming Platform for Property Claims March 31, 2017 Allianz Insurance, the U.K.-based subsidiary of Allianz SE, has launched a video streaming platform called Allianz Site View, which is...
Bermuda Re/Insurers Start to Feel Pressures of Challenging Market: A.M. Best March 31, 2017 Bermuda market re/insurers are beginning to experience lower profits, a deterioration in both return on equity and combined ratio as...
Qatar Insurance Subsidiary Reaffirms London Commitment with New HQ March 31, 2017 By Jack Sidders A Qatar Insurance Co. SAQ unit has signed a lease for a new headquarters close to the Lloyd’s of London...
Fosun ‘Seeking Investors’ for Minority Stake in Reinsurance Unit, Peak Re March 31, 2017 By Jonathan Browning and Vinicy Chan Fosun International Ltd., the Chinese insurance-to-tourism conglomerate, is seeking investors for a minority stake in its reinsurance business ahead of...
Endurance, with SOMPO as New Owner, Gets A.M. Best Ratings Upgrade March 31, 2017 Endurance Specialty Holdings Ltd. got a financial ratings upgrade from A.M. Best and is no longer under review, based on...
Duke Energy Sues 30 Insurers Over Carolinas Coal Ash Cleanup Costs March 31, 2017 By Emery P. Dalesio The largest U.S. electric company sued 30 international and domestic insurance companies Wednesday, saying they should cover part of the...
Artificial Intelligence, IoT Startups Gaining in Global Insurtech Funding March 31, 2017 Investing in technology-oriented insurance ventures (insurtech) is clearly a global trend and almost half of all the money being poured...