How ACA Healthcare Law Could Affect P/C Insurance Costs and Claims February 21, 2014 By Andrew G. Simpson The property/casualty insurance industry is likely to face cost shifting by hospitals, physicians and other medical providers due to the...
Maine Approves 7.7% Decrease in Workers’ Comp Loss Costs February 21, 2014 Maine Gov. Paul R. LePage and Insurance Superintendent Eric Cioppa announced Thursday that the Bureau of Insurance has approved the...
U.S. Patent Office Moves to Curb Patent Litigation February 21, 2014 By Diane Bartz The White House announced steps on Thursday designed to reduce frivolous patent lawsuits by trying to make it easier to...
Allstate Beefs Up Agency Force February 21, 2014 By Alexandria Baca Allstate Corp., the largest publicly traded U.S. home and auto insurer, increased its agency count for the first time since...
Ratings Roundup: AIG Asia-Pacific, Fuji Fire/AIU February 21, 2014 A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Singapore-based...
Best Affirms AIG Europe’s Ratings; Outlook Stable February 21, 2014 A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of UK-based AIG...
El Nino Threatens to Return; May Hit Global Food Production February 21, 2014 By Lewa Pardomuan The El Nino weather pattern, which can trigger drought in some parts of the world while causing flooding in others,...
AXA Profit Rises 10% in 2013 on Life, Property and Casualty February 21, 2014 By Fabio Benedetti-Valentini AXA SA, Europe’s second-largest insurer, posted a 10 percent increase in 2013 profit on higher earnings at its life and...
Swiss Re’s CFO Quinn Sees No Rebound in 2014 Reinsurance Rates February 21, 2014 By Carolyn Bandel Reinsurance rates, particularly for natural catastrophe coverage, probably won’t increase this year, said Swiss Re Ltd.’s chief financial officer. Prices...