Commercial Lines
AI Insurance: Who Is Insuring the Algorithms?
There are some algorithms in life that, even with the very best marketing, don't really matter too much. For example, if Netflix's recommendation algorithm points me toward the first episode of a ...
Executives On The Move at Willis Towers Watson and Lloyd’s
Willis Towers Watson appointed a new senior director within its Insurance Consulting and Technology business. Lloyd's of London created a new position – head U.S. head of Claims – stemming from ...
Traditional Reinsurers Perform Better Than Total Return Reinsurers: AM Best
Although total return reinsurers, which like to take more risk on the investment side of their balance sheets than other reinsurers, have the potential to generate significantly higher investment ...
Bayer’s $11 Billion U.S. Roundup Settlement Is in Jeopardy
Bayer AG's comprehensive settlement of U.S. lawsuits over its Roundup weed killer is in jeopardy after lawyers for some consumers accused the company of reneging on the $11 billion deal and the judge ...
Buffett’s Berkshire Hathaway Invests in Japan’s Five Biggest Trading Firms
Berkshire Hathaway Inc has bought a 5% stake in each of Japan's five biggest trading houses, together worth over $6 billion, marking a departure for Chairman Warren Buffett as he looks beyond the ...
Price Casualty Like a Short-Tail Line: Swiss Re Exec
With low investment yields becoming a fact of life of insurers and reinsurers, breakeven combined ratios for casualty business won't cut it anymore, a reinsurance executive said recently. Jonathan ...
Tesla Factory Struck by ‘Serious’ Cyber Attack
Elon Musk said on Thursday that Tesla Inc's factory in Nevada was a target of a "serious" cybersecurity attack, confirming a media report that claimed an employee of the company helped the Federal ...
Insurers Plan to Hire But Recruitment Struggles Remain
Most U.S. insurers want to fill existing positions or expand their staffs over the next year even though they are still having trouble recruiting. Interestingly, that trouble has persisted even ...