RIMS Report: Uber Touts Ridesharing Insurance Solution May 4, 2015 By Kathy Finn In the rapid rollout of mobile app-based ridesharing services that compete with traditional taxicabs and other urban transportation, taxi businesses...
FEMA Chief on Sandy Flood Insurance Claims: ‘We Want to Fix This’ May 4, 2015 By Wayne Parry The head of the Federal Emergency Management Agency says he wants to fix what went wrong with the process of...
GEICO, Allstate to Raise Auto Insurance Premiums May 4, 2015 By Andrew G. Simpson GEICO, which “everybody knows” saves drivers 15 percent on auto insurance, said it will raise its auto premiums after underwriting...
AIG Could Follow GE’s Move to Shed ‘Too-Big-to-Fail’ Tag May 4, 2015 By Doni Bloomfield and Sonali Basak American International Group Inc., the insurer that received a $182.3 billion bailout, said it would weigh reshaping the company to...
PartnerRe Rejects EXOR Offer; Confirms AXIS Deal w/ Enhanced Terms May 4, 2015 Bermuda-based PartnerRe Ltd. announced that its Board of Directors has rejected the unsolicited proposal by EXOR S.p.A. to acquire PartnerRe...
Buffett Sees Reinsurance Slump May 4, 2015 By Noah Buhayar and Sonali Basak Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said he expects a slump in reinsurance results in the coming...
Best Affirms Ratings of XL and Subs; Removes from Under Review May 4, 2015 A.M. Best has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A’ (Excellent)...
S&P Revises Outlook on Fairfax Financial to Stable; Affirms Ratings May 4, 2015 Standard & Poor’s Ratings Services has revised its outlook on Fairfax Financial Holdings Ltd. to stable from negative. At the...
QBE Appoints Huber as Head of European Liability May 4, 2015 London-based QBE European Operations, which is part of QBE Insurance Group, has appointed Thomas Huber to lead the expansion of...
Hiscox London Market Launches Stand-Alone Threat Product May 4, 2015 Specialist global insurer Hiscox has launched a stand-alone Threat product designed to protect businesses against the loss of revenue suffered...