Commercial Lines
Ship Owners Have to Provide Insurance, Bond for Stranded Merchant Sailors: New UN Rule
Sailors stranded on merchant ships without food, supplies or a way home won new safeguards. Ship owners will have to provide insurance or a bond to pay for sailors' wages and repatriation under a new ...
Drought, Winter Storms Led March Insured Losses: Impact Forecasting
Severe drought, flooding and winter storms topped the list of natural perils in March, according to the latest Global Catastrophe Recap report from Aon Benfield's Impact Forecasting. The U.S. was hit ...
Aon CEO Case Defends Berkshire Deal; Sidecar Innovation ‘Good for London’
Aon Plc, the broker that was criticized by Lloyd's of London for a deal with Warren Buffett's Berkshire Hathaway Inc., said the relationship actually helps make the U.K. insurance market more ...
Colorado Forecasters Predict Quiet Atlantic Hurricane Season
Rising heat in the equatorial Pacific Ocean portends the quietest Atlantic hurricane season in five years, Colorado State University researchers said. Nine named storms, with winds of at least 39 ...
Top 10 States and Cities for Job Growth
North Dakota, California, Texas and Florida did well in job growth in 2013 while Arkansas and Pennsylvania lagged and West Virginia was the only state to lose jobs. Overall, 12 states showed job ...
Hiring Summer Interns Creates EPL Risks, Chubb Warns
Hiring someone for a paid or unpaid internship may seem like a great solution for businesses needing extra talent during vacation season, but don't discount the risks, warns Chubb Group of Insurance ...
Willis Sees Softer Conditions Ahead for Commercial Lines Other Than Comp
Although double-digit insurance price hikes are still possible in a handful of areas—workers compensation, poor performing professional liability accounts and terrorism coverage—broker Willis ...
Uber Needs Insurance as Amateurs Drive Strangers, CA Commissioner Says
California Insurance Commissioner Dave Jones said that car-booking services like Uber Technologies Inc. should provide coverage to reimburse victims when nonprofessional drivers in their networks are ...