Underwriting
Trump to California: Change Forest Management Practices or Lose Wildfire Aid
President Donald Trump, who has blamed California's forest management for last year's disastrous fires, threatened to halt the Federal Emergency Management Agency's assistance to victims unless that ...
Liberty Mutual Once Again Taps Capital Markets’ Reinsurance Capacity
Liberty Mutual has once again directly tapped capital markets' reinsurance capacity via the Bermuda collateralized reinsurance sidecar, Limestone Re Ltd. Limestone Re provides approximately $150 ...
J&J May Never Have to Pay Its $4.7 Billion Baby Powder Court Loss
A $4.7 billion jury verdict against Johnson & Johnson in July helped spark the company's biggest annual share loss in a decade, spotlighting the potential cost of alleged health risks from its ...
AmTrust, Newly Private, Discloses Leadership Changes and a Strategic Plan
AmTrust Financial Services Inc., beginning 2019 as a private company, disclosed some leadership changes and a broad strategic plan. The specialty commercial property/casualty insurer completed its ...
HDI Global Specialty SE Makes Its Debut
A new specialty lines insurer is making its debut – HDI Global Specialty SE. HDI Global Specialty SE was created by merging Hannover Re's and HDI Global SE's specialty lines. HDI Global SE holds ...
Insurers Spent One Dollar in Four on Forest Fires Through 2018: Munich Re
Forest fires are becoming increasingly likely because of climate change and costing insurers more than ever, with the deadly fire that ravaged northern California the single most expensive natural ...
Daimler Self-Driving Big Rig Is Coming to U.S., Along With Fancy Tesla Truck
Daimler AG will start selling a heavy-duty truck in the U.S. this year that's able to brake, accelerate and steer at all speeds on its own. This will coincide with the planned launch of electric-car ...
Fiat Chrysler’s Appeal in Class Action Hacking Suit Fails With SCOTUS
The U.S. Supreme Court on Monday declined to hear Fiat Chrysler's appeal in a class action lawsuit over allegations that its Jeeps and other trucks are vulnerable to hacking, one of the first legal ...