Commercial Lines
Fireman’s Fund Could Face Huge Payout For Fast & Furious Costs
The insurer for the latest Fast & Furious film is looking at a huge, and possibly historic, payout, according to an entertainment insurance agent. The Hollywood Reporter trade magazine is ...
Germany Will Impose Tough Fracking Restrictions
Germany plans to draw up new rules in the coming weeks for the controversial method of fracking for gas, which will impose tight restrictions on the technique that has led to a shale gas boom in the ...
Bugs and Hurricanes Could Crush Florida Citrus Groves
After a disease-spreading bug wreaked havoc on Florida citrus groves this year, growers like Maury Boyd are seeing a new threat from the weatherman that would mean "pure hell" for orange-juice ...
Aon: Storms Packed a Wallop in May Despite Tornado Lull
In May, severe global weather left insurers with mixed data to mull over. While U.S. tornado activity for the month remained in the bottom 25th percentile dating back to the 1950s, major weather ...
UPC to Take Over Policies of Florida’s Insolvent Sunshine State
Florida regulators have taken over an insolvent domestic residential property insurer, but a deal is in the works for another private company to assume the insurer's 37,000 policies. A Leon County ...
Aon Sees a Steady D&O Market Despite Q1 Price Dips
Directors and officers liability insurance pricing dropped nearly 5 percent during the 2014 first quarter compared to the same period a year ago, Aon's Financial Services Group concluded in a new ...
Citing Success, Farmers Pulls Climate Change Lawsuit
Farmers Insurance Group, which filed nine class actions in May against nearly 200 communities in the Chicago area, is withdrawing its lawsuit. The suit accused the Illinois municipalities of failing ...
Some See Volcanoes As Safety Threat to Japan Nuclear Plants
In the three years since the Fukushima disaster, Japan's utilities have pledged $15 billion to harden their nuclear plants against earthquakes, tsunamis, tornadoes and terrorist attacks. But as ...