| 1. | Travelers Cancels ExlService Outsourcing Contract, Citing Confidentiality Breach
Nov 5, 2013 -- Travelers Cos., the property insurer in the Dow Jones Industrial Average, ended a contract with ExlService Holdings Inc. after the vendor's employees violated confidentiality policies. The staff shared a "procedural ...
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| 2. | AIG Using Science to Define ‘Broker Quality Index,’ Not Following Market: Benmosche
Nov 6, 2013 -- Property/casualty insurance brokers who aren't diligent about the accounts they're presenting to American International Group risk being discovered through one of the features of the carrier's analytical process, ...
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| 3. | Use of Predictive Models Widespread in P/C Insurance: Survey
Nov 7, 2013 -- A survey of North American insurance professionals reveals widespread use of predictive analytics in the property/casualty insurance industry, with as many as 82 percent responding that they use predictive modeling in ...
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| 4. | World Needs Insurance Industry to Be 'Bold' and 'Sexy' Now, PLUS Told
Nov 4, 2013 -- It's time for the insurance industry to be "bold" and "sexy" in creating new insurance products and services to help the world deal with extreme risks that are becoming more common, according to a global ...
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| 5. | Bipartisan Deal Reached to Delay Flood Insurance Premium Hikes: Waters
Oct 28, 2013 -- Key House and Senate members have reached a bipartisan deal to delay changes to the federal flood insurance program that are raising premiums for many homeowners. The bill would require regulators to address ...
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| 6. | Insurance Kiosks the Wave of the Future?
Nov 8, 2013 -- Milk…check; Eggs...check; Bread…check; Car insurance…wait, what? Most Americans' grocery lists don't typically read this way, but a new approach to selling personal auto insurance from Nashville-based, Direct ...
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| 7. | California Insurance Broker Sentenced For Scamming Tom Hanks
Nov 6, 2013 -- A Southern California insurance broker who overcharged Tom Hanks and his wife, Rita Wilson, hundreds of thousands of dollars has been sentenced to more than two years in federal prison. City News Service says Jerry ...
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| 8. | U.S. Regulator Unveils New Insurance Fee Guidelines
Nov 5, 2013 -- A U.S. housing regulator said on Tuesday that it would ban some fees and commissions that borrowers are compelled to pay when their own home insurance coverage lapses. The Federal Housing Finance Agency said it was ...
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| 9. | AIG Settles Dispute Over Real Estate Executive Pay for $274M
Nov 7, 2013 -- American International Group Inc. has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him during the financial crisis in 2008. The settlement came as a trial was due to ...
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| 10. | Endurance Specialty Names CEO of U.S. Insurance Division
Nov 7, 2013 -- Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property/casualty insurance and reinsurance, announced Douglas Worman will join the company on Nov. 11 as executive vice president and chief ...
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