Performance
60% of Customers Who Leave Independent Agents Eventually Return: Survey
Many customers who are lured away from independent agents by direct insurers promising lower prices will ultimately return to an independent agent. According to a recent study commissioned by The ...
Hannover Re Quarterly Net Rises 29% on Investment Income
Hannover Re, the world's fourth- biggest reinsurer, said second-quarter profit rose 29 percent, beating analysts' estimates, helped by higher investment income. Net income advanced to 186.3 million ...
Commercial Lines Rate Increases Slowed in July: MarketScout
After four months of going up at 5 percent, commercial property/casualty insurance rates have moderated. The July 2013 rate increase was plus 4 percent, according to MarketScout's market index. Rate ...
Ebix Says Money Laundering Allegations Are False
Ebix Inc. said allegations that it was involved in money laundering were false, after its shares tumbled on a Bloomberg report that federal investigators were reviewing the insurance software maker's ...
Insurance Tech Firm Ebix Is Subject of Money Laundering Allegations
Federal investigators are reviewing Ebix Inc.'s cross-border financial transactions to see whether the Atlanta-based software company engaged in money laundering, according to three people with ...AIG’s Bond Portfolio Dropped $9 Billion Due to Interest Rate Rise
American International Group Inc., the insurer that repaid a U.S. bailout last year, said a surge in interest rates in the second quarter fueled a $9 billion reduction in its bond portfolio as ...
Why Greed Isn’t Good
Imagine yourself betting on the long- term survival of two types of people. One is the classic egoist, focused and ruthless. The other is more selfless, willing to help fellow humans without any ...