Commercial Lines
Cyber Insurance Not Just for Financial Firms, Retail Clients Anymore: Marsh
In its latest report on benchmarking trends in the cyber insurance, broker Marsh reveals that while high-profile breaches in the retail sector may be one factor sparking demand, increases in ...
The Age of the Athlete-Student: NLRB Ruling May Create New Comp Challenges
What do March Madness and workers compensation have in common? At present, not very much. But if a recent ruling by the National Labor Relations Board (NLRB) holds up, comp underwriters and claims ...
Supreme Court Appears Unlikely to Radically Change Software Patent Law
U.S. Supreme Court justices stepped gingerly into a raging debate over computer software on Monday, voicing concerns about vaguely defined patents but signaling they would avoid any radical change to ...
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 ...