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Airmic product aims for finalized insurance policies before renewal dates

By: Sarah Veysey

Published December 09, 2014 - 9:35am CST

The U.K. risk management association, Airmic Ltd., Tuesday issued an interactive toolkit intended to help insurance buyers to obtain written, finalized policies in advance of their renewal date.

Business Insurance recognizes its 2014 Women to Watch honorees

Published December 07, 2014 - 6:00am CST

Business Insurance's annual Women to Watch feature recognizes women who are doing outstanding work in commercial insurance, risk and benefits management, and related fields.

Female executives reinforce gender diversity by serving as role models

By: Joanne Wojcik

Published December 07, 2014 - 6:00am CST

Gender diversity in the executive ranks is good for business, research shows.

UP CLOSE: Donna Nadeau

Published December 07, 2014 - 6:00am CST

NEW YORK-BASED CHIEF OPERATING OFFICER

Nodak Mutual acquires South Dakota auto MGA, underwriting firms

By: Shelby Livingston

Published December 05, 2014 - 11:48am CST

Property/casualty insurer Nodak Mutual Insurance Co. has acquired Spearfish, South Dakota-based managing general agent Tri-State Ltd. and Spearfish-based specialty underwriter Primero Insurance Co.

Congress close to compromise on terrorism insurance backstop

By: Mark A. Hofmann

Published December 05, 2014 - 9:59am CST

A compromise measure that would extend the federal government's terrorism insurance backstop program beyond its slated Dec. 31 sunset could be unveiled as early as today.

Aspen Insurance names Scott Kirk group chief financial officer

By: Mark A. Hofmann

Published December 05, 2014 - 9:43am CST

Scott Kirk has been named group chief financial officer of Aspen Insurance Holdings Ltd. effective immediately, Aspen announced Friday.

Property/casualty insurance rates rise 1% in November: MarketScout

By: Mark A. Hofmann

Published December 05, 2014 - 9:26am CST

Commercial property/casualty insurance rates in November rose an average of only 1% compared with those of the same month in 2013, MarketScout reported Friday.

Zurich Insurance says on track to meet profitability targets

Published December 05, 2014 - 8:56am CST

(Reuters) — Zurich Insurance Group Ltd. said on Friday there was more to do in terms of improving efficiency in its business, although the group is on track to meet key financial targets it has set for 2014-2016.

Global property/casualty industry outlook stable for start of 2015: Moody's

By: Mark A. Hofmann

Published December 04, 2014 - 10:53am CST

The outlook for the global property/casualty insurance industry is “stable,” according to an analysis released by Moody's Investors Service Thursday.

ACORD President and CEO Gregory Maciag to retire in 2016

By: Mark A. Hofmann

Published December 03, 2014 - 3:14pm CST

Gregory Maciag will retire as president and CEO of ACORD Corp. on Jan. 15, 2016, the Pearl River, New York-based nonprofit insurance industry standards organization announced Wednesday.

New York State graduate medical education assessment to rise slightly in 2015

By: Jerry Geisel

Published December 03, 2014 - 1:18pm CST

A 1996 New York State law that established a pool to help fund graduate medical education through a special assessment on employers will cost slightly more next year.

U.S. urges banks to consider cyber risk insurance amid hacking threats

Published December 03, 2014 - 12:48pm CST

(Reuters) — Banks should consider cyber risk insurance to help deal with the financial fallout from the growing threat of cyber attacks, a top U.S. regulator said Wednesday.

Schinnerer acquiring underwriting manager specializing in auto dealers and repair shops

By: Shelby Livingston

Published December 03, 2014 - 12:21pm CST

Managing general underwriter Victor O. Schinnerer & Co. Inc. is set to acquire Overland Park, Kansas-based MGU SeaFire Insurance Services L.L.C. from Preferred Concepts Holdings L.L.C.

ISO introduces coverage for Ebola-related business disruptions

By: Bill Kenealy

Published December 03, 2014 - 10:01am CST

Insurance Services Office Inc. on Wednesday said it has developed two new coverage options to help businesses deal with potential disruptions caused by the spread of Ebola.

XL launches stand-alone terrorism insurance policy

By: Shelby Livingston

Published December 02, 2014 - 2:46pm CST

XL Group P.L.C. has created a stand-alone terrorism insurance policy to address potential gaps in coverage in the federal government's terrorism insurance backstop program.

Brokerage USI buys Holmes Murphy's St. Louis operation

By: Matt Dunning

Published December 02, 2014 - 2:29pm CST

USI Holdings Corp. has acquired insurance brokerage Holmes Murphy & Associates Inc.’s operation in St. Louis, USI announced Tuesday.

Willis Re model targets risk of tsunami losses in Japan

By: Bill Kenealy

Published December 02, 2014 - 1:07pm CST

Reinsurance broker Willis Re said on Tuesday that it has released a model to help determine the risk of tsunami losses in Japan.

Former III President Gordon Stewart dies at 75

By: Mark A. Hofmann

Published December 01, 2014 - 11:44am CST

Gordon C. Stewart, former president of the Insurance Information Institute Inc., died Nov. 26 at the age of 75 in Garrison, New York, the New York-based organization said Monday.

E.U. watchdog expects quick action from insurer stress tests

Published December 01, 2014 - 8:45am CST

(Reuters) — The European Union's insurance watchdog said Monday it expected rapid action from insurers and supervisors to address weaknesses in capital and business models it had identified in a series of stress tests.

IN FOCUS Video: Veterans Working in Insurance

Published November 26, 2014 - 10:59am CST

In our latest video, we take a look at a program designed to help disabled military veterans transition into careers in the insurance industry.

Skuld adds full marine coverages to London offerings

By: Shelby Livingston

Published November 25, 2014 - 3:07pm CST

Protection and indemnity club Assuranceforeningen Skuld has extended its full roster of marine insurance products to the firm's London office.

Aramark risk manager Debra Rodgers honored

By: Bill Kenealy

Published November 25, 2014 - 9:13am CST

Aramark Corp. risk manager Debra Rodgers last week was awarded the 2014 Distinguished Leadership Award from the Insurance Society of Philadelphia.

Winter storm insured losses could exceed $2.5B in 2014: III

By: Matthew Lerner

Published November 24, 2014 - 1:11pm CST

Insured losses from winter storms could exceed $2.5 billion in 2014 as severe storms gripped much of the nation last week, the Insurance Information Institute Inc. said Monday.

Workers compensation insurer rate cuts may follow profitable 2014

By: Sheena Harrison

Published November 23, 2014 - 6:00am CST

Workers compensation insurers could see their first year of underwriting profitability in nearly a decade due to rate increases, an improving economy, and a focus on data analytics that has helped improve underwriting and workplace safety.

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