Commercial Lines
AmTrust, Ex-CFO Will Pay $10.5M to Settle SEC Charges Of Improper Reporting
The Securities and Exchange Commission (SEC) has charged insurance company AmTrust Financial Services and Ronald E. Pipoly Jr., its former chief financial officer, with failing to disclose material ...
California Compels Insurers to Reduce Workers Comp Premiums
California on Wednesday announced the first regulation requiring insurance companies to reduce premiums paid by employers for U.S. workers' compensation insurance, citing lower risk factors as ...
Lloyd’s Promises Amends for ‘Shameful’ Role in Atlantic Slave Trade
The Lloyd's of London insurance market has apologized for its "shameful" role in the 18th and 19th Century Atlantic slave trade and has agreed to fund charities and organizations promoting ...
Executives On The Move at The Hartford and AXA XL
A former Validus executive is the new head of wholesale property for Navigators, a unit of The Hartford. AXA XL announced two additions to its UK broker management team.
The Latest Launches From BHSI and Travelers
A division of Berkshire Hathaway Specialty Insurance Company launched new coverage designed for road trip travelers. The Travelers Companies will begin to offer wildfire mitigation services at no ...
Swedish Example Inspires UK Insurers in Bid to Avoid Coronavirus Biz Income Payouts
Insurers are set to argue against paying out fully on claims made by businesses forced to shut because of the pandemic, saying that shops in Sweden lost money even without a strict lockdown. The ...
Trade Disruption Possible if Sailors Stranded by COVID Restrictions Refuse to Work
Merchant ship crew members stranded at sea for months due to coronavirus-related travel restrictions could now start refusing to further extend their contracts and stop working, potentially ...
Buckle Expands Commercial Auto Cover With Purchase of Atlas Subsidiary
Buckle, an InsurTech startup focused on rideshare insurance, has acquired a subsidiary of Atlas Financial Holdings for an undisclosed price. The move allows Buckle to expand its commercial auto ...