Commercial Lines
Life Without TRIA: Zurich, ACE Execs Debate Terror Coverage Strategies
Two weeks before the Senate introduced legislation to extend the federal terror insurance backstop, carrier executives revealed opposing plans for offering coverage to customers exposed to terror ...
ACE Limited P/C Subs in North America Now Rated A++: A.M. Best
On Friday, A.M. Best announced that the rating agency upgraded the financial strength rating (FSR) of the North American property/casualty subsidiaries of ACE Limited to "A++" from "A+," also raising ...
Senate TRIA Renewal Bill Elicits Cautious Optimism from Industry Trades
Insurance industry lobbying groups are hopeful that the bipartisan legislation introduced in the Senate on April 10 to reauthorize the Terrorism Risk Insurance Act, or TRIA, will have a better chance ...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 ...