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On July 9, it became official: The Federal Stability Oversight Council designated American International Group (AIG) as a systemically important financial institution (or SIFI), pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Two more firmsGE and Prudential Financialwere also named as SIFIs. GE will accept the designation,...
Shawn Moynihan, Michael P. Voelker, Caterina Pontoriero, Stephen J. Klingel
Every year, National Underwriters Excellence in Workers Compensation Risk Management Award honors organizations with outstanding loss control, safety and return-to-work programs. They are the leaders in this field, all featuring success stories showing proven results.
Peter Klein, Managing Director, Secor Advisors Group
In the world of insurance, agents are much more likely to retain clients for the long term if those clients hold numerous products through one particular agent relationship. When establishing and maintaining relationships with clients, it is essential to have the ability to meet the broad-spectrum needs of clients. After...
Manny Rios
Youve been in the insurance business for nearly 30 years now, in several leadership roles. What is it that makes heading up American Modern an attractive challenge for you, following your accomplishments at USAA?
Phil Gusman
In a mixed month for insurance-industry employment, P&C carriers added 1,100 jobs in May while agents and brokers shed jobs for the sixth straight month, albeit at a slower rate.
Phil Gusman
Continued rate increases and lower losses led the U.S. Property & Casualty industry to its second consecutive first-quarter underwriting profit in 2013, according to A.M. Best.
Chad Hemenway and Mark E. Ruquet
The upward climb in property insurance rates has suddenly reversed course thanks to abundant capacity and continued light catastrophe losses, says Willis North America.
Mark E. Ruquet
Second-quarter 2013 catastrophe losses for Zurich and XL Group total more than $400 million, with the former shouldering the larger share. Zurich says its losses amount to $278 million, including floods in Europe and severe storm damage in the U.S.
staff Writer
American International Group Inc. says it has retired the Chartis brand in Canada and its P&Cinsurance business there will operate as AIG Insurance Company of Canada.
Bruce Winterburn
Technological advancements were a huge driver of growth in 2012-13 for 77 percent of insurance agencies, with mid-sized agencies growing faster than their small and large counterparts, according to a recent survey by Vertafore conducted at the NetVU (Network of Vertafore Users) conference in March.
Michael P. Voelker
Traditional reinsurers have begun to take robust defensive measures as an influx of about $50 billion in new capital, including more than $35 billion from nontraditional sources, has entered the market.
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