Commercial Lines
More than One-Quarter of Small Businesses Still Don’t Buy Insurance: Hiscox
Last week, global specialty insurer Hiscox published results of a survey of small business owners, revealing that 29 percent have no insurance protection, even though 13 percent have suffered a ...
Travelers’ A.M. Best Financial Strength Ratings Soar
Travelers and most of its subsidiaries saw their already stellar financial strength ratings from A.M. Best get even better. This was based, in part, on the insurer's ability to generate solid ...
For 2013, Conning Tracked Slightly Better Industry Loss Reserves
The property/casualty industry's loss reserve position improved slightly in 2013 compared to the previous year, reflecting continued stability in an era of low inflation and slower economic growth, ...
Smoke Detector Recall By Google’s Nest Labs Reveals 440,000 Shipped in U.S.
Google Inc'.s Nest Labs is recalling 440,000 smoke detectors, according to a U.S. government notice on Wednesday that provides the first public revelation of how many of the smart home appliances ...
Tower Group Hires Greenhill to Advise on Debt Repayment If Merger Deal Fails
Tower Group International Ltd., the insurer that agreed to be bought by ACP Re Ltd. amid a stock plunge, hired Greenhill & Co. to provide advice on repaying debt if the takeover collapses. Tower ...
Brazil’s Historic Coffee Drought Spreads Industry Uncertainty
In Santos, where Brazil's normally bustling physical coffee trade is clustered in a handful of small buildings near the port, the family-owned brokers and multinational companies that move almost ...
McMahon, Other Ex-Players Allege NFL ‘Culture of Drug Abuse’ in Injury Suit
Retired players including ex-Chicago Bears quarterback Jim McMahon accused the National Football League of using painkillers to mask injuries in a "culture of drug misuse," expanding litigation over ...
Marsh: Softening Signs Seen in U.S. Umbrella/Excess Liability Rates
Average umbrella and excess liability rates in the U.S. climbed 3.1 percent higher in the 2014 first quarter. Marsh Global Analytics claims that's a sign of market softening, however, because it's ...