It has been a few weeks since Facebook faltered out of the gate in its initial public offering (IPO)and while the multiple lawsuits claiming improprieties will take a while to work through the legal process, coverage changes may be coming.
Insurance-industry executives need to involve themselves more in the rule-making process as regulations and laws develop, since changing rules afterward is a difficult process, a former New York State regulator says.
Insurance-industry executives need to involve themselves more in the rule-making process as regulations and laws develop, since changing rules afterward is a difficult process, a former New York State regulator says.
Insurance rates are on the rise, but the pace of increases is not the same across the board, and some lines that showed aggressive upward momentum earlier are beginning to slow, according to an analysts report.
Insurance rates are on the rise, but the pace of increases is not the same across the board, and some lines that showed aggressive upward momentum earlier are beginning to slow, according to an analysts report.
A stockholders revolt leading to the ouster of Generali Groups longtime chief executive officer has resulted in Zurich Insurance Group losing its CEO of General Insurance.
During the month of May insurance brokers including Arthur J. Gallaher & Co., Brown & Brown and Hub International Ltd. made acquisitions throughout the United States and, for AJG, abroad.
Adoption of the Jumpstart Our Business Startups Act gives companies easier access to capital from the general investing public, but also presents liability exposures that directors and officers insurers do not yet fully understand, says a report from Marsh.
A financial analysts review has determined that while property and casualty industry reserves remain adequate, the industry is flirting with inadequacy," with workers compensation presenting the greatest risk of experiencing deficiencies.
Swiss Re sold its U.S. Admin Re holding company, Reassure America Life Insurance Company, to Jackson National Life Insurance for a cash payment of $600 million.