Commercial Lines
The Latest Launches From Munich Re and Starr
A unit of Munich Re is touting new cyber and technology errors and omissions insurance coverage designed to protect U.S.-domiciled organizations with domestic and /or global exposure. A division of ...
Chubb Turns in Q3 Profit Despite Massive Catastrophe Losses
Chubb's net income grew by 9 percent in the 2020 third quarter, something that Chair and CEO Evan Greenberg credited to rate hikes and improving underwriting conditions despite a tough environment ...
U.S. P/C Insurance Industry Net Income Plunges 26 Percent in H1
U.S. P/C insurance industry net income plunged 26 percent in the 2020 first half, as underwriting results and investment gains took a hit from COVID-19, catastrophes and other instabilities, ...
Insureds Seeking Premium Cuts Must Ask State Regulator First, Judge Rules
A federal judge has ruled that State Farm Fire and Casualty Co. does not have to return premiums to a small business customer because of the insured's reduced business during the pandemic. The judge ...
China’s Ping An Insurance Sees Q3 Profit Rise
Ping An Insurance Group Co of China Ltd on Tuesday reported a 7.74% rise in net profit, its first quarterly profit increase in a year, as the country's largest insurer by market value attracted more ...
Ship Insurers Confront Arctic Headaches as Routes Open Up
When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong. Double the manpower is needed to navigate. Lookout shifts are kept to just one hour, so ...
Executives On The Move at Church Mutual, omni:us, BHSI
Church Mutual hired a former USAA executive who will become CFO after a phased succession process. Claims management software company omni:us brought on an industry veteran as a member of its Senior ...
AIG to Make Zaffino CEO and Duperreault Exec Chairman; Life & Retirement Biz to Separate
American International Group has disclosed significant leadership changes as well as plans to separate its Life & Retirement business into an independent company. Peter Zaffino, currently AIG's ...