News

The Chubb Corp. has released its first quarter earnings, reporting $656 million for the three months ending March 31, up from $506 million in the same quarter last year. The company’s operating income, which is defines as net income excluding…

Domestic insurance carriers have nearly doubled their combined share of the Canadian property and casualty market in the quarter-century Alister Campbell has been in the industry, and on Thursday he offered some theories as to why. Campbell, CEO of The…

Net income attributable to Aon plc (NYSE: AON) shareholders was $261 million for the first quarter of the year, up from $238 million reported in the same quarter last year.  “Our first quarter results reflect a solid start to the year…

The Co-operators General Insurance Co. has released its financial results for the first quarter of the year, reporting a consolidated net income of $58.1 million, down from $66.5 million for the same quarter in 2012. “We are pleased with our…

Brokers are losing market share to direct writers while customers are demanding more web and mobile services, but an executive with RSA predicts the decline of brokers’ market share will slow down. “We’re quite bullish on the broker channel,” said…

While many American homeowners are aware that their standard policies don’t cover flood damage, the majority also haven’t taken any action to protect their homes, a recent poll suggests. Roughly four out of five (81%) of those included in a…

As the risk landscape of the global energy sector grows increasingly complex and challenging, the sector’s failure to mitigate risks associated with new frontiers in exploration and production could jeopardize its growth and its pivotal role in stimulating economic recovery,…

MADD Canada, along with a group of impaired driving victims, are sharing concerns with some members of Parliament in Ottawa Thursday, particularly their issues with a lack of progress in implementing a federal committee’s recommendations on ending impaired driving. The…

Insured losses from the April 17 Texas fertilizer plant explosion that damaged surrounding property will likely be around $100 million, the Insurance Council of Texas said Wednesday. About 140 homes in West, Texas were destroyed after the blast, which caused…

The United Kingdom government is offering small businesses both advice and incentives in a bid to help them better protect themselves from data breaches, which climbed more than 10% in the last year. Findings in the 2013 Information Security Breaches…

A new study out of the United States suggests that voice-to-text mobile apps have roughly the same distracted driving impact as manual texting and doesn’t prove to be any safer. The study, led by researchers at the Texas A&M Transportation…

The risk for directors and officers to be in hot water is especially high right now, as regulators and other authorities are increasingly scrutinizing those at the top of the ladder, according to a new report from Willis. In a…