Commercial Lines
U.S. Commercial Auto Carriers Face Some Bumps on the Road to Profitability: S&P
U.S. commercial auto insurers face some blips and disruptions on their road to profitability due to inflation and the spotty post-pandemic economic recovery, according to a new Standard & Poor's ...
Reinsurer MS Amlin Promises New CEO Announcement Soon, Following Beazley’s Departure
Global reinsurer MS Amlin AG announced that Christopher Beazley has stepped down as chief executive officer. According to the company's announcement, Beazley will "pursue opportunities outside of MS ...
Insurers Balk at Coverage for New Satellites as Space Debris Swells
An ever-swelling amount of space debris is threatening satellites that hover around Earth, making insurers leery of offering coverage to the devices that transmit texts, maps, videos and scientific ...
Executives On The Move at The Hartford, Marsh and Strategic Risk Solutions
The Hartford appointed a new head of the Western Division for the company's Middle and Large Commercial Insurance business. A former Willis Towers Watson executive joined Marsh's Chicago office as ...
Hurricane Ida Could Cost Insurers as Much as $18B: Industry Experts
Insurers are bracing for a hit of about $18 billion from Hurricane Ida in the United States and the Caribbean, catastrophe modeling company Karen Clark & Co (KCC) said on Wednesday. The number, ...
Ida’s Floods and Outages Hamper Energy Firms’ Restart Efforts
Widespread flooding, power outages and debris-strewn roads slowed recovery efforts by energy companies on Tuesday after Hurricane Ida ripped into oil production facilities, ports and refineries. More ...
As COVID Cases Rise Again, U.S. Business Travelers Scale Back Travel Plans
With the COVID-19 Delta variant pushing infections higher again, U.S. business travelers are scaling back their travel plans, a new survey has determined. Approximately 67 percent of respondents said ...
Chubb Unit Disputes Aspect of Boy Scouts Sex Abuse Settlement, Complicating Resolution
A dispute over whether a unit of insurance giant Chubb Ltd. must contribute to a trust fund for sexually abused Boy Scouts is complicating talks to end the youth group's bankruptcy case. Lawyers for ...