INSIGHT-Bail-bond insurers spend big to keep defendants paying
Insurance companies have spent $17 million to defeat proposals to weaken or abolish for-profit bail in the United States, a system that brings insurers $15 billion in business a year, according to campaign contribution records, financial statements and interviews with experts.
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U.S. insurance asset sales bring new private equity players, strategies
NEW YORK - U.S. insurers are stepping up sales of annuities and other capital-intensive assets amid a surge in interest from new and established private equity buyers hungry to boost the amount of money they manage, according to industry sources and public data.
U.S. insurance executives try to fix industry's diversity problem
When Jerald Tillman and Mike James started their careers more than 20 years ago, working in the U.S. insurance industry was not on their radar, but programs to attract Blacks and other minorities brought them into the fold.
More scarce than opening-night tickets: insurance to back Broadway
NEW YORK - As they reel from canceled productions and shuttered theaters, the shows that give Broadway its bright lights and draw millions of tourists to New York are facing a new obstacle to reopening: lack of pandemic insurance.
Analysis: Private equity firms nudge up risk on insurers in quest for yield
NEW YORK - Private equity firms have spent nearly $40 billion buying U.S. insurance companies, promising to earn higher returns on the mountains of money that insurers set aside to pay policyholders. But they are choosing riskier investments.
'Zombie' firms will keep commercial insurance rates rising-Swiss RE
NEW YORK - The expectation that hundreds of zombie firms will fail over the next few years and drag on the economy likely will prompt insurers to keep raising prices, Swiss Re AG warned.