Private U.S. property/casualty insurers’ net income after taxes grew to $44.0 billion in the first nine months of 2015 from $37.8 billion in nine-months 2014, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus …
Breaking up is hard, especially when long- time partners have to decide who gets financial assets, property or even a pet. The split could be trickier, still, when one of the world’s most beloved dogs is involved. MetLife Inc. Chief …
India’s decision to join a global treaty on nuclear accident liability may help it woo reactor suppliers, including Westinghouse Electric Co. and General Electric Co., that have been reluctant to sell technology to the nation. The country ratified the Convention …
The initial estimate of the insured property market loss for UK flood damage during the period from Dec. 25, 2015 to Jan. 14, is £526 million ($767.7 million), according to PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data. …
Chubb has appointed the country presidents who will lead its operations in Continental Europe, with immediate effect. The country presidents will report to Jeff Moghrabi, division president, Continental Europe. These and other appointments in the region are listed below: France.Nadia …
China’s biggest industrial companies want to buy insurers in 2016 as they seek to grow outside Asia as the domestic economy slows and falling insurance rates prompt more firms to do deals, according to Willis Towers Watson Plc. “We’ve been …
Dallas, TX, February 4, 2016- U.S. Risk Insurance Group, Inc., the nations’ sixth largest Property and Casualty wholesaler announced that it has named Stacey Ziska a Senior Broker/Underwriter for the U.S. Risk San Francisco Office. In her role, Stacey will …
A gas utility has said bad workmanship was the cause of a Jan. 2 pipeline explosion that obliterated a northwest Oklahoma City home, damaged dozens of others and severely injured a man. Oklahoma Natural Gas cited a 3.5 inch crack …
The Tennessee Department of Commerce & Insurance (TDCI) announced disciplinary actions against three former Tennessee licensees for the intentional misrepresentation of policy terms, forgery, and the use of fraudulent conduct in the business of insurance. The punishments were the result …
Aspen Managing General Agency (MGA) and Midlands Management of Texas announced that Aspen MGA has acquired the renewal rights of the Texas personal auto business currently managed by Midlands Management. Richard Bird, chief operating officer of Midlands Management, commented saying …
