A new report from A.M. Best concludes that “growth rates in the insurance markets of Gulf Cooperation Council (GCC) countries remain higher than those of developed markets and have kept pace with those of some key emerging markets. The GCC …
Zurich Insurance Group AG, the biggest Swiss insurer, plans to save $250 million annually by cutting as many as 800 jobs after lowering its profit goal in December, the company said. Zurich plans to remove management layers between the main …
Hannover Re, the world’s third- biggest reinsurer, posted a 48 percent increase in fourth- quarter profit, beating analysts’ estimates. Net income rose to €265 million ($367 million) from €179 million [$248 million] a year ago, the Hanover, Germany-based company said …
Willis Group Holdings has appointed Pietro Menghi as Director of Strategy and Transformation for Willis Global, the division which includes Willis’s specialist brokerage and consulting services. He has been leading Willis Re Southern Europe as Chairman and CEO since 2008 …
Fifteen states plus the District of Columbia strengthened their gun control laws in the year following the Newtown school shooting, accounting for roughly half (44 percent) of the U.S. population. Also, a history of any kind of violence is a …
A bill on ridesharing in Colorado passed by state Senate on Monday paints a “bright line” between when users of the app-based services are driving for personal reasons and when they are providing a commercial service. Senate Bill 125 would …
A magnitude 6.9 earthquake struck off the coast of Eureka in Northern California, shaking regions as far away as San Francisco and parts of Oregon, according to the United States Geological Survey. The earthquake, which struck at a depth of …
Preferred Mutual Insurance Co. in New Berlin, N.Y., has promoted Jeffrey Lopata to senior vice president and chief information officer. Lopata joined Preferred Mutual in 2005 as manager of the commercial lines e-business team.Prior to joining Preferred Mutual, he worked …
Massachusetts health care officials struggling to repair the state’s hobbled website are looking at the possibility of leasing or buying technology from states with functioning insurance sites. Massachusetts Health Connector officials said last Friday that looking for solutions from other …
New York State’s Department of Financial Services (DFS) announced its investigation has found that the car-sharing service RelayRides put New Yorkers at risk through false advertising, unlicensed insurance activity, and other violations. Officials said RelayRides will pay a $200,000 penalty …
