Risk managers can expect a buyer-friendly market for most commercial insurance coverage lines for the remainder of 2015, while those shopping for cyber coverage could see significant rate increase, according to Willis.
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A New York state appeals court rejected former American International Group Inc Chairman Maurice “Hank” Greenberg’s bid to dismiss a decade-old lawsuit accusing him of orchestrating an accounting fraud at ... Read →
Erie Insurance joins other insurance carriers, including AIG, USAA and State Farm, granted approval from the FAA to use drones for claims purposes.
The nation’s largest health insurer, UnitedHealth Group, beat analysts’ expectations with first-quarter earnings driven by growth in its Medicaid and Medicare customer base and stronger revenue from its Optum subsidiary.
The ... Read →
William Wheeler, president of the Americas at MetLife Inc., will step down as leader of the life insurance company’s largest unit in August.
ACE Group announced two executive appointments in its regional operations to support expansion in key markets in the U.S., particularly in the upper middle market segment.
The National Association of Insurance Commissioners (NAIC) has submitted to the White House a list of state insurance commissioners who want to be considered as members of the National Association of Registered Agents and Brokers (NARAB) governing board.
Despite the combined persistence of pricing declines, increased commissions and tougher terms and conditions, the reinsurance industry generated solid results in 2014 with strong combined ratios and profitable returns, according to a report from A.M. Best.
A set of factors that includes the state of the industry and a desire to set long-term strategies in the face of the Affordable Care Act point to increased merger and acquisition activity in the near term for health insurers, according to industry observers.
Further losses on legacy in-force long-term care insurance (LTCi) will continue to negatively impact returns for the largest LTCi underwriters over the near term, according to a recent report from Fitch Ratings.
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New Jersey officials announced that an unlicensed former doctor and her husband were indicted for billing a medical insurance company more than $172,000 for treatments that were not rendered to patients. Read »
A licensed insurance broker-agent is accused of stealing more than $500,000 from the Los Angeles Unified School District and other programs managed by his employer, authorities said.