Underwriting
Hiscox Combines Cyber Risk/Professional Liability in New Hospital Coverage
Hiscox recently started marketing a combined cyber risk/professional liability coverage for hospitals. The product combines the services of its healthcare and cyber underwriters under the name ...
Tesla Warns Shareholder Suits Could Delay SolarCity Acquisition
Elon Musk-led Tesla Motor Inc said on Monday its proposed acquisition of SolarCity Corp could be delayed due to shareholder lawsuits challenging the deal. The company said four lawsuits were filed in ...
Samsung Sued by Florida Man Alleging Explosion Injury From Galaxy Note 7
Samsung Electronics Co was sued on Friday by a Florida man who said he suffered severe burns after his Galaxy Note 7 smartphone exploded in his front pants pocket. The lawsuit by Jonathan Strobel may ...
XL Catlin CEO McGavick: Some P/C Industry Products Now ‘Shop-Worn’
The insurance/reinsurance industry needs to innovate and become more efficient. It is facing more risk, but premiums are declining. Some of its products have become shop-worn and less relevant. ...
The Latest Launches From Chubb and XL Catlin
Chubb came out with new coverage options for the clean tech industry. XL Catlin debuted an enhanced professional liability insurance policy form targeted to architects, engineers and design ...
Porsche Drawn into VW Diesel Suits
Porsche Holding SE was dragged deeper into the Volkswagen AG emissions debacle as investors raced to file German lawsuits ahead of the one-year anniversary of the scandal. A group of institutional ...
AIG Unloads Stake in Lloyd’s Business; Strategic Relationship Remains
American International Group will sell off its 20 percent stake in the carrier's Lloyd's of London insurance operations – it's latest restructuring move. But the insurance giant will keep an ...
Allstate’s August Pretax Catastrophe Loss Tally: $154M
Allstate said its estimated pretax losses in August came in at $154 million, a sizable decline from the previous month. The Illinois-based property/casualty insurance giant said those losses ...