Underwriting
14 Commercial Insurance Lines Face Upward Pricing Pressure in 2019: Willis Towers Watson
Expect upward pricing pressure on 14 commercial insurance lines in 2019, with likely decreases in another two, Willis Towers Watson predicts in its latest report. Higher losses in casualty insurance ...
Brexit Talks Near Final Stages as UK Cabinet Briefed on Deal Details
U.K. Prime Minister Theresa May has begun briefing her Cabinet on the text of the almost-complete Brexit deal, as her negotiators seek to finalize the last outstanding issue in Brussels. Senior ...
Motel 6 Will Pay $7.6M for Sharing Guest Lists With U.S. Immigration Agents
Motel 6 will pay up to $7.6 million to Hispanic guests to settle a proposed class-action lawsuit claiming that it violated their privacy by regularly providing guest lists to U.S. Immigration and ...
Wells Fargo Auto Insurance Scandal Leads to Class Action Lawsuit
Wells Fargo & Co executives were warned that an auto insurance plan could be overcharging customers four years before the bank scrapped the program, according to a complaint released by a judge ...
AIG Will Exit Iran-Related Cargo Insurance Biz, Thanks to Trump Sanctions
American International Group Inc is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by ...
Insurance Linked Securities Reached Record Levels in Q3: Willis Re
The issuance of non-life insurance-linked securities during the third quarter reached a record $1.6 billion, according to a report published by Willis Re. The total exceeds the former Q3 record of ...
Cathay Pacific Airways Faces Hong Kong Probe Over Massive Data Breach
Hong Kong's privacy commissioner will launch a compliance investigation into Cathay Pacific Airways over a data breach involving 9.4 million passengers, saying the carrier may have violated privacy ...
Climate Change Risks Forcing States, Cities to Borrow Billions in Move to Adapt
Dan Gelber, the mayor of Miami Beach, Florida, says climate change will be a homeowners' worst nightmare. "If you own a home and you find that your roof has a problem or you find out there's a ...