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Novarica, a research and advisory firm, said a survey has found a large number of insurance executives think they purchased the right software, but many have doubts.
NU Editor In Chief Sam Friedman invites readers to guess who the "terrible trio" of carriers might be that MarketScout's CEO says is prolonging the soft market. To voice your speculation, go to Sam's blog at www.NUSamSoapBox.com.
The insurance sector is hiring even after laying off personnel in an attempt to upgrade its staff, and is doing better than other business segments when it comes to employment opportunities, according to a recruiting expert.
Lawsuits related to climate change could expand faster than the explosion of asbestos claims and have significant impact on insurers, Swiss Re warns in a new report.
The Hartford Financial Services Group's longtime chair and chief executive officer, Ramani Ayer, will retire from the government-supported organization at year's end, his loss-riddled company announced last week.
A bill that would have banned credit scoring in Connecticut was altered and then died in the Senate at the end of a legislative session characterized as "challenging" by one insurance industry representative.
While overall property-casualty insurance loss reserves are adequate right now, the situation needs to be closely monitored, agency analysts told an industry conference.
A hard market may not be arriving anytime soon, but several insurance executives at last week's S&P conference suggested that the industry is in good shape, even in the midst of a struggling economy, while others warned against complacency.
While industry association members who have worked with the outgoing NY insurance superintendent point to his handling of the AIG meltdown and WTC coverage dispute as his major accomplishments, Eric Dinallo shifts much of the credit to the agency.
Ramani Ayer's retirement announcement means another one of the dwindling number of iconic insurance industry leaders is heading out the door, laments NU Editor In Chief Sam Friedman in his blog today at www.NUSamSoapBox.com.
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