Commercial Lines
Executives On The Move at W.R. Berkley Corp. and Great American
W.R. Berkley Corp. made two new executive appointments, both promotions from within. Great American Insurance promoted a veteran executive from one of its units to senior vice president within its ...
Facebook Will Fork Over $550M in Giant Biometric Privacy Settlement
Facebook Inc. agreed to pay $550 million to resolve claims it collected user biometric data without consent in one of the largest consumer privacy settlements in U.S. history. The accord, which ...
Brexit Arrives, While Scotland Keeps Fighting for Independence
As jubilant Brexit supporters gather to celebrate the U.K.'s departure from the European Union, Scotland is digging in to its position as the last bastion of political resistance. First Minister ...
Brexit Transition Period Ahead for UK, EU Insurers: A.M. Best
As of Jan. 31, 2020, Brexit is finally here. But the UK's departure from the European Union shouldn't have any immediate impact on UK or EU insurers, A.M. Best said in its latest commentary. That ...
Lloyd’s First Syndicate-in-a-Box Aims to Be an Innovation Lab: Munich Re
Lloyd's of London is expecting big things for 2020 as it rolls out the key initiatives for its massive modernization project designed make it easier to do business with Lloyd's and, ultimately, ...
The Unique Requirements of a Lloyd’s Syndicate-in-a-Box
Lloyd's developed the concept of a syndicate-in-a-box (SiaB) to make it easier for innovative capital to enter the market, but there are certain requirements and differences compared to traditional ...
U.S. Refiners, Chemical Plants Cut Insurance Cover After Severe Accidents Boost Costs
U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said. With less ...
Slice Labs Rolls Out Four AI, Machine Learning-Focused Risk Reduction Services
Slice Labs said it has started marketing four new services centered around artificial intelligence and machine learning that are designed to more proactively and intelligently protect carriers, ...