Commercial Lines
XL Group Launches Automotive Recall Plus
The global insurance segment of XL Group plc last week announced the launch of Automotive Recall Plus, designed for the automotive supplier industry in Germany, Austria and Switzerland. The new ...
February Storms’ Insured Losses Top $1.5B Globally: Aon Benfield
The latest Global Catastrophe Recap report from Aon Benfield's Impact Forecasting reveals that February storms led to insurance payouts of more than $1 billion globally. Japan experienced record ...
Fitch Sees Rise in Demand for Private Flood Insurance
As federal subsidies for flood insurance are reduced and the cost of government provided insurance goes up, the demand for private flood coverage could also rise, according to Fitch Ratings. However, ...
Supreme Court Justices Grapple with Rules for Class Actions
U.S. Supreme Court justices sought a middle ground to preserve class-action shareholder lawsuits as they heard a case testing the legal rules that have fostered thousands of cases over the past ...
AIG Appoints Smith COO of Commercial Insurance
American International Group Inc. on Tuesday announced senior leadership changes in its commercial insurance business, naming Michael Smith to the role of chief operating officer. In addition, James ...
Apollo, CVC Planning IPO of Insurer Brit Group
Brit Insurance Holdings B.V., a Lloyd's of London insurer owned by Apollo Global Management LLC and CVC Capital Partners Ltd., is planning an initial public offering in London next month. A minimum ...
Supreme Court Expands Sarbanes-Oxley Whistleblower Shield
The U.S. Supreme Court expanded the reach of a federal law enacted in response to the 2001 Enron Corp. collapse, saying it protects people who work for a public company's contractors, including law ...
High Court to Determine Fate of Securities Class Actions
In a case eagerly watched by publicly traded companies regularly sued by investors, the U.S. Supreme Court will on Wednesday consider overruling a 26-year-old precedent that made it easier for ...