Re/Insurers May Be Entering Reserving ‘Danger Phase’: JLT Re Execs September 14, 2016 By L.S. Howard Re/insurers have released redundant liability reserves into their earnings for the past eight years as a result of favorable loss...
Allstate CEO Driven by Opportunity in Transportation Disruption September 14, 2016 By Katherine Chiglinsky Allstate Corp., the largest publicly traded U.S. home and auto insurer, said the country’s transportation network is highly inefficient, with...
Chubb Promotes Navakas to New York Overseas General Insurance Division September 14, 2016 Property and casualty insurance company Chubb has promoted Raimund Navakas to executive vice president of its Overseas General Insurance division...
Workers’ Compensation Market Enters Soft Market: A.M. Best September 14, 2016 The workers’ compensation market has likely entered a soft market phase based on a declining trend in price increases that...
Towergate Creates London Underwriting Unit; Leathem Named Director September 14, 2016 Insurance intermediary Towergate is forming a London underwriting centre to be led by David Leathem as London director of underwriting....
11 Years After Spitzer Sued, Greenberg’s Trial Over Reinsurance Begins September 14, 2016 By Chris Dolmetsch It’s a day of reckoning — or the moment of truth — for former American International Group Inc. head Maurice...
Mississippi Insurance Agent Charged in Prison Bribery Case September 14, 2016 By Emily Wagster Pettus An insurance agent from Jackson, Miss., is the latest person indicted in a corruption case tied to the former head...
South Carolina Woman Stuck by Needle in Target Parking Lot Awarded $4.6M September 14, 2016 A jury has awarded a South Carolina woman more than $4.6 million after she was stuck by a hypodermic needle...
Big Reinsurers Pin Profit Hopes on Tailoring Coverages to Specific Risks September 14, 2016 By Oliver Suess and Jan-Henrik Foerster In a world of increasing automation and standardization, Europe’s big reinsurers are betting that a more personal touch can reverse...
Ford CEO: Affordable Driverless Cars to Be in Showrooms in 10 Years September 14, 2016 By Keith Naughton Ford Motor Co. intends to start selling driverless cars to the public by about 2025, its chief executive officer said....