Commercial Lines
Hiscox Boosts Terrorism Risk Coverage Capacity
Specialist insurer Hiscox will drastically boost its capacity to handle U.S. domiciled terrorism risk coverage, even as Congress continues to debate renewing the Terrorism Risk Insurance Act. ...
For CNA, Bad Weather and Division Sale Hamper Q1 Numbers
The biggest hit to CNA's 2014 first-quarter net income comes from short-term costs relating to the planned sale of its Continental Assurance Co. life and group insurance business to Wilton Re ...
Top 10 Countries in Manufacturing; U.S. is ‘Rising Star’
Call it the comeback kid. A new ranking of the competitiveness of the world's top 25 exporting countries says the United States is once again a "rising star" of global manufacturing thanks to falling ...
Name Change: XL Group’s Primary Casualty Biz is Now ‘Global Risk Management’
On Thursday, XL Group announced that XL Group's North America Primary Casualty business is operating under a new banner—Global Risk Management. The change is meant to capture the operation's ...
Surge of Storms and Fires Stunts Chubb’s Q1 Net Income
The Chubb Corporation endured a big hit to its 2014 first-quarter income, thanks to harsher-than-expected winter weather in the United States, plus a surge in homeowner fire and flood-related losses. ...
Cincinnati Financial’s Earnings Drop Softened By Investment Income
Cincinnati Financial confronted a drop in net income for its fiscal 2014 first quarter due, in part to higher catastrophe losses, and non-catastrophe losses driven by severe winter weather. But the ...
Tech and Medical Device Convergence Exposes New World of Risks
When the acclaimed television drama series "Homeland" climaxed with a devious plot by terrorists to kill America's vice president by hacking into his electronic pacemaker, critics mocked the ...
Boston Marathon Attacks Changed Terrorism Insurance Customer Base
For landlord Peter Zagorianakos, terrorism insurance wasn't a necessity until the bombs went off last April at the Boston Marathon and revealed a frightening pattern. Two buildings he owns stand ...