General Motors Co. just watched the first big court case over an admitted deadly defect in its cars melt down as an Oklahoma postman who claimed GM ruined his life dropped his suit, accused of lying. The case was the …
The financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” of Zurich Insurance Co. Ltd. (ZIC) and its rated affiliates are unchanged, following Zurich Insurance Group’s preliminary update on the performance of its general insurance business, …
The premium income received by China’s insurance firms hit 2.4 trillion yuan ($364.85 billion) in 2015, the industry regulator said on Monday. This means insurance premium income rose 20 percent last year from 2014, Chen Yingdong, a spokesman for the …
XL Catlin announced it has strengthened its Brazilian team with two appointments. Patricia Britto has joined as property underwriter and Luiz Carlos Dos Santos as senior casualty underwriter – both based in Sao Paulo. These two appointments are part of …
Just two months ago, researchers in China identified a gene that can make bacteria resistant to a last-resort antibiotic called colistin. It was a bombshell discovery for people who follow superbugs. Now that gene has been detected in at least …
Global insurance firms are circling Iran for business opportunities following the lifting of sanctions – and the first test of their appetite could come in March when some Iranian companies seek new cover. Insurers, the reinsurers that share their risk …
Water loss claims, exacerbated by assignment of benefits, are driving higher rates in South Florida and increasingly across the state, according to a just released analysis conducted by Citizens Property Insurance Corp. for state insurance regulators. The insurer says the …
Many insurance agents are so caught up in the day-to-day activities of their jobs, they do not realize that they are being presented with ethical concerns. They may be acting unethically without even realizing it. Even if an agent does …
The changing excess and surplus insurance landscape was an oft discussed topic at a recent California meeting, with experts describing the challenges and opportunities going forward. “The business that we have and the risk we see is going to be …
Rating agency A.M. Best said it is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty industry, despite relatively solid aggregate results over the past several years. The negative outlook indicates A.M. Best’s expectation of more …
