Performance
Catastrophes Drove Private U.S. P/C Insurers to $4.7B Net Underwriting Loss: ISO and PCI Report
Private U.S. property/casualty insurers lost big in 2016, with a $4.7 billion net underwriting loss driven, in part, by significantly higher catastrophe-related insured property losses, according to ...
AIG CEO Hancock Lost Confidence of Many on His Team
Before he lost the confidence of big-name investors and his company's board members, Peter Hancock squandered the faith of many of his staff. It was November 2015, after a disappointing quarter for ...
Generali Reportedly Ramping up Plans to Sell Dutch Business
Italy's biggest insurer Generali has hired BNP Paribas to sell its Dutch business as part of a plan to cut costs in weaker markets and boost profits, sources told Reuters. Generali, which generates ...
QBE CEO’s Relationship With Assistant Distracts From Stellar Financial Results
Although Australia's QBE reported its best underwriting results in six years, Group CEO John Neal was forced to field a barrage of questions during a media briefing about why the board decided to ...
GEICO Steps on Gas as Berkshire Motors to 14th Straight Underwriting Profit
Even though Berkshire Hathaway's GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the company is poised to take advantage of ...
Insurer Profitability and Customer Satisfaction: Reaching the Right Balance
The difference between companies that deliver a great customer experience and those that deliver a below-average customer experience has always been clear regardless of the industry served. A great ...
A Boss Can Improve Efficiency Relying on Rivals and Even (Healthy) Conflict
Squandered work time can be expensive for companies, to the tune of $15.5 million on average, according to researchers from the Kellogg School of Management at Northwestern University and Ohio State. ...
Sleep Loss Costs U.S. $411B Each Year: RAND Corp.
We all know sleep deprivation takes a toll on our health, but what about the economic cost? New research from RAND Corp. shows that lack of sleep costs the U.S. economy $411 billion each ...