Top 10 for the Past Week | 1. | Tower Reviewing 'Strategic Options' After Reserve Shortfall
Oct 8, 2013 -- Tower Group International Ltd. is reviewing a "range of strategic options" after the insurer determined it had to add $365 million to reserves and taking a $215 million impairment of goodwill tied to its commercial, ...
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| | 2. | Forecast for 2014 Commercial P/C Pricing: Willis
Oct 9, 2013 -- Commercial property insurance buyers could see prices fall from 10 to 20 percent on non-catastrophe risks in 2014 thanks to the influx of alternative capital to the insurance industry, insurance and reinsurance broker ...
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| | 3. | Top 10 Market Conduct Complaints by Regulators Against P/C Insurers
Oct 9, 2013 -- Failure to handle claims within specified time frames and using unapproved forms and rates are the top two criticisms of property/casualty insurers by market conduct regulators, according to a new report. Waltham, ...
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|  | 4. | AIG Sued by Small Businesses Over Workers’ Compensation Reporting
Oct 10, 2013 -- Class action lawsuits in federal courts on both coasts have been initiated on behalf of small businesses in California, New York and New Jersey against American International Group (AIG) over workers' compensation ...
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| | 5. | Insurers Worried About Data From Federal Health Exchange
Oct 8, 2013 -- Insurers are getting faulty and incomplete data from the new U.S.-run health exchange, which may mean some Americans won't be covered even after they sign up for an insurance plan. While it's not clear how ...
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| | 6. | Early Snow Kills Thousands of Cattle in South Dakota
Oct 9, 2013 -- A record-breaking storm that dumped 4 feet of snow in parts of western South Dakota left ranchers dealing with heavy losses, in some cases perhaps up to half their herds, as they assess how many of their cattle died ...
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| | 7. | Time Running Out to Fix Obamacare Glitches: Experts
Oct 11, 2013 -- The Obama administration has a little over a month to fix the technology problems crippling its online health insurance marketplace, or jeopardize the goal of signing up millions of Americans in time for benefits under ...
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| | 8. | Hanover Insurance Taps Hartford Exec to Lead Professional Liability Unit
Oct 8, 2013 -- The Hanover Insurance Group Inc. has named Greg Leffard president of Hanover Professional Portfolio unit, responsible for the company's errors and omissions (E&O) insurance businesses. Hanover Professional provides ...
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| | 9. | California Jury Gives Toyota Win in First Acceleration Case
Oct 11, 2013 -- A jury in California on Thursday found Toyota Motor Corp. not liable in one of the first wrongful death lawsuits to go to trial in the United States over alleged defects that caused some vehicles to unexpectedly accelerate ...
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| | 10. | Florida Fines Universal P&C Co. $1.26M
Oct 9, 2013 -- Florida's second largest property insurer is paying a fine of $1.26 million. Florida Insurance Commissioner Kevin McCarty announced Monday that Universal Property & Casualty Insurance Co. has agreed to pay the fine ...
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