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News – Insurance Journal
Commonwealth Bank of Australia CEO Blames Predecessor for Insurance Mis-Selling
Commonwealth Bank of Australia Chief Executive Officer Matt Comyn has pinned the blame on predecessor Ian Narev for failing to stop selling credit card insurance that some customers couldn’t claim on. Narev told Comyn to “temper your sense of justice” …
POSTED NOVEMBER 20, 2018 11:23 AM |
Report Identifies P/C Insurance Companies with the Best Reputations
USAA Insurance has the highest and best overall reputation among insurers, according to a new report from the Reputation Institute. The insurer landed in the top spot based on criteria including strong reputation, relevancy, expressiveness (brand strength, informativeness, relevancy), products …
POSTED NOVEMBER 20, 2018 11:00 AM |
AXA XL Buys 100% of New Ocean to Build Alternative Capital Business
AXA XL’s reinsurance operation has completed the acquisition of all third party ownership interests in its majority-owned asset management affiliate, New Ocean Capital Management Ltd. New Ocean is now a wholly owned subsidiary within AXA XL’s alternative capital business, under …
POSTED NOVEMBER 20, 2018 10:37 AM |
Brexiteer Plot to Oust UK Prime Minister May Falters
Evidence is mounting that the plot to oust U.K. Prime Minister Theresa May is faltering. To trigger a vote of no confidence in her leadership, a total of 48 Conservative lawmakers need to submit letters, texts or emails calling for …
POSTED NOVEMBER 20, 2018 9:55 AM |
How Insurance Market Will Expand in Age of Autonomous Vehicles
Though it’s estimated that by 2025 auto insurance premiums will drop by $25 billion as a result of the adoption of driverless cars, the insurance market is expected to recover through new lines of coverage, according to a report by …
POSTED NOVEMBER 20, 2018 6:00 AM |
Florida Picks Up the Pieces from Powerful Hurricane Michael
It has been just over a month since Hurricane Michael slammed the Florida Panhandle as a Category 4 hurricane with wind speeds reaching just shy of Category 5 status. The devastation from the storm that killed at least 35 people …
POSTED NOVEMBER 20, 2018 5:30 AM |
Keating Expands Property Coverage Options with Monoline, Package Product
Keating, Inc., a specialty property and casualty wholesale intermediary and program manager, has launched a new in-house monoline property package product. The new program features the monoline property coverage as well as package capabilities including general liability and equipment breakdown …
POSTED NOVEMBER 20, 2018 5:13 AM |
S&P Upgrades Outlook for CNA Group
CNA Group gained an outlook upgrade from Standard & Poor’s based on improvement of its commercial lines business. S&P Global Ratings revised its outlook for CNA to positive from stable. The ratings agency also affirmed its “A” long-term issuer credit …
POSTED NOVEMBER 19, 2018 7:00 PM |
United Valley Adds IWV in California, Maki in Arizona
United Valley Insurance Services Inc. has added IWV Insurance Agency LLC of Ridgecrest, Calif., and Maki Insurance Group of Anthem, Ariz. IWV offers personal and businesses insurance services throughout California. Maki Insurance offers personal, commercial and life/health insurance services. United …
POSTED NOVEMBER 19, 2018 6:34 PM |
Topa CFO Morrison to Retire, Genalo Named Successor of California Company
Calabasas, Calif.-based Topa Insurance Group announced that Cynthia Morrison, senior vice president and chief financial officer, will retire. Morrison is retiring effective Jan. 31, 2019. Lawrence Genalo, assistant vice president of financial planning and analysis, has been named is replace …
POSTED NOVEMBER 19, 2018 6:32 PM |
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