Commercial Lines
Allied World to Launch New Managing Agency at Lloyd’s
Allied World Assurance Co. Holdings announced Monday that it has received approval from Lloyd's, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to establish its ...
Arizona Bill Amendment Addresses Ridesharing Insurance
Arizona has joined a number of states debating how to regulate so-called ridesharing programs that have popped up around the country and riled traditional taxi and limousine establishments. An ...
Addressing the Profitability Challenge in Commercial Auto Insurance: Emerging Driver-Based Rating Factors
Pop quiz: Which of the following real-life scenarios resulted in a violation on the driver's motor vehicle record (MVR)? (a) Going 55 mph in a 45 mph zone. (b) Making a left turn across two ...
BMS Launches Severe Weather Analytics
BMS Group has announced a new weather risk management module as part of its iVision suite of analytical tools and services. The unique analytical tools allow carriers to better understand their risk ...
Puerto Rico, Detroit Investors Buoyed by Bond Insurers’ Rebound
Buyers of debt issued by bankrupt Detroit or junk-rated Puerto Rico are finding it pays to have bond insurance. The backing is even more valuable after upgrades of units of Assured Guaranty Ltd. and ...
Ironshore Energy Property Increases Capacity to $25M for Sector Risks
Ironshore Energy Property announced an increase in capacity to $25 million for energy risks throughout its global platform. This increase in capacity is available across all classes within the energy ...Axis Capital Names Gressier Chief Operating Officer; Reding Retires
Axis Capital Holdings Ltd., the Bermuda-based insurer and reinsurer, promoted John "Jack" Gressier to chief operating officer, replacing Dennis Reding, who's retiring from the post at 65. Gressier, ...
1 in 10 Small Businesses Had Employees Working Under the Influence in 2013
One in 10 small businesses had employees show up for work last year while under the influence of at least one controlled substance, according to a new study by Employers Holdings Inc. Small-business ...