The Chubb Corp. said its shareholders approved the previously announced $28.3 billion merger agreement with Ace Limited today. The proposal to approve the merger agreement received support from approximately 98 percent of the votes cast, the insurer said. In a …
Homebuyers may soon be able to buy insurance to protect their down payments in the event they sell their home at a loss. Much like title insurance protects the lender, this product promises to reimburse homebuyers for their full down …
U.S. property/casualty insurers are welcoming the news that the Trans-Pacific Partnership (TPP) parties have reached an agreement. Although details of the pact are unknown, the U.S. insurers say they believe the agreement will level the playing field for them in …
The Federal Trade Commission (FTC) has given the green light to ACE Limited’s $28 billion acquisition of rival insurer Chubb Corp. In a regulatory filing, ACE reported that it received notice on Sept. 30 from the FTC that it had …
Axis Insurance says the lawsuit brought against racing star Tony Stewart, whose car struck and killed another racer during a New York event in 2014, is not covered by the insurance policies it issued for Stewart. Axis maintains that its …
The Occupational Safety and Health Administration (OSHA) is extending the deadline for submitting comments on a proposed rule that it says clarifies an employer’s continuing obligation to make and maintain an accurate record of each recordable injury and illness. The …
The private insurance industry is ready and anxious to take on flood risk, and politicians should reform the federal program now to take advantage of this interest, according to the U.S. executive of a leading specialty insurer. “I think there …
The private insurance industry is ready and anxious to take on flood risk, and politicians should reform the federal program now to take advantage of this interest, according to the U.S. executive of a leading specialty insurer. “I think there …
After careers spent crafting and controlling their companies’ messaging to customers, insurance marketing and advertising professionals have lost control. Customers and prospects have taken over. Increasingly, today’s insureds and prospects care more about what other parties have to say than …
A new report warns that more than 95 percent of websites with new Internet addresses such as .zip, .kim or .party are suspicious. [See Editor’s Note below for update on.zip.] Internet security firm Blue Coat says its research of the …
