News

NEW YORK--Allstate's incoming chief executive told an insurance conference here yesterday that industry competitors should forge a joint approach for natural catastrophes that inflict major losses on c

"If you have an out-of-control company, but with a terrific capital modeling program, I am not sure how good that can be," he said, speaking Friday at the 18th Annual Property Casualty Conference in N

NEW YORK--Former regulator and trade association president Ernst Csiszar told property-casualty insurance executives gathered here today that their industry is a "cheapskate" when it comes to political

Kathleen Blomquist, a Justice Department spokeswoman, said there is an ongoing investigation of "anti-competitive practices in the municipal bond industry." She would not comment further. The SEC does

Chubb Co. has said it will appeal a Texas court ruling requiring it to defend cell phone maker Samsung against several class-action injury suits by consumers, an attorney for the manufacturer said yes

NEW YORK--Insurers to be competitive need to focus on service and underwriting rather than price, the head of the ninth largest U.S. property-casualty insurer told industry counterparts at a meeting he

Aon Corp. has named Baljit "Bal" Dail as its global chief information officer. In this role, Mr. Dail will have direct responsibility for all information technology functions across Aon, the Chicago-b

New York-based insurer American International Group Inc. said its subsidiary, American General Finance Corporation, has entered into an agreement to acquire Ocean Finance and Mortgages Limited. Terms