The Latest

Specialty branch within Munich Re adds a front-end risk management and planning component to its data breach coverage.

Falling costs largely attributable to decrease in medical benefits for injured workers, according to the National Academy of Social Insurance.

IT needs to play a critical role when analytics is used pervasively throughout the enterprise, and business has an obligation to communicate expectations and trumpet its success.

Benefit Builder, an alternative to a traditional inflation option, is designed to provide automatic increases in benefits that occur gradually over time, as well as voluntary buy-up options.

Terri Vaughan will step down during the first quarter of 2013; National Association of Insurance Commissioners officers will conduct a national search later this year to fill the position.

CLASIC/2 Version 14.0 introduces the ability to model builder’s risk policies for the AIR earthquake and hurricane models for the United States. AIR designed the updated version to support the policy conditions that characterize commercial insurance, enabling companies to assess catastrophe loss potential from the portfolio level down to the individual location level.

Second half of 2012 will likely test reserves, balance sheets and underwriting acumen—Keefe Bruyette & Woods expects Ace Ltd., Chubb Corp., Marsh & Mclennan Cos. and Proassurance Corp. to pass those tests with strong reserves and quality franchises.

J. Michael Kirchgessner will officially take up his post and join CNA Monday, August 13.

21st Century, Argo, Infinity, EMC, Manulife, Tower and XL Group all released their second-quarter results.

A new chief audit executive and VP of insurance operations systems head the list of eight executive appointments.