NEW YORK, July 17- Insurance on the Malaysian airliner brought down over Ukraine is likely to pay out relatively quickly if the cause of the crash is determined, but observers say insurance for the loss of 298 lives and other liability could be complex and lengthy.» Read More
The UK should find the right balance between risk and safety, or risk a hemorrhaging of business out of London, Lord Peter Levene, chairman of insurance giant Lloyd's of London chairman warned in a speech late on Tuesday.
The car insurance market in the UK is incredibly competitive, and in 2010 it recorded the worst results ever. That competition has been made more severe because almost 60 percent of people now buy their car insurance on price comparison sites," David Stevens, the COO of UK insurer Admiral, told CNBC during a discussion about the firm's earnings.
Prudential, the UK-based insurer and asset manager, reported a better-than-expected 25 percent rise in half-year profit to 1.06 billion pounds ($1.72 billion) Friday.
Discussing the insurance company's tenth anniversary on the NYSE; the impact of natural disasters on the industry, and the U.S. economy, with Joseph Plumeri, Willis Group Holdings chairman/CEO.
In spite of gloomy news about housing coming from virtually all directions, a new survey reveals that 70 percent of Americans would advise friends and family to buy a house, Thomas Wilson, CEO and chairman of the insurance company Allstate Corporation, told CNBC Friday.