Liability insurance carriers and brokers that offer coverage to higher educational institutions have been watching the Penn State scandal unfold. And one broker says liability insurers are likely to tighten their underwriting and demand more data from schools regarding protective …
The LexisNexis Insurance Exchange — an online single-entry submission system that streamlines the flow of application data among agents, brokers and carriers — celebrated its first anniversary last month. The Exchange, conceived by the Council of Insurance Agents and Brokers …
Research and investment firm Keefe, Bruyette and Woods reported on June 21 its annual P/C industry reserve review. The report found that the insurers’ reserves continue to decline. And it warned that the positive reserve development that we’ve been seeing …
For millions of professionals who use LinkedIn, the career social networking site, it was time to create new passwords. Earlier this month, LinkedIn — a site with more than 160 million users, including many insurance professionals — said more than …
It’s that time of the year again. The 2012 Atlantic hurricane season officially got underway on June 1. So far, forecasters are saying this will be a less-active-than-usual North Atlantic hurricane season. And insurers and reinsurers are keeping their fingers …
Marsh executives are only seeing a “targeted correction” — not a broad-based hard market — in the property/casualty insurance market. CEO Brian Duperreault said during an earnings call, “Is it a hard market? I think not in the definitions we …
May is National Youth Traffic Safety Month, and it’s the perfect time to remind teen drivers about safety behind the wheel. The number of teen driving deaths continues to fall and is now at an all-time low. It’s down more …
John Paulson, the hedge fund manager who has been pressuring The Harford to break itself apart to maximize shareholder value, appears satisfied with the insurer’s restructuring effort. Paulson’s hedge fund firm, Paulson & Co. Inc., announced in a federal regulatory …
The property/casualty insurance jobs outlook is slowly, gradually getting better – or at least not getting worse. A growing number of insurance businesses are hiring more workers this year. Meanwhile, many others are still making do with their current staff …
The 2012 first-quarter corporate earnings season is in a full swing — and that gives us a valuable opportunity to listen to top insurance CEOs and their perspective on pricing. The Travelers Companies CEO Jay Fishman remained bullish about firming …
