Commercial Lines
Executives On the Move at Zurich and Guy Carpenter
Guy Carpenter & Co. appointed an interim head of International Facultative Operations, to deal with an executive departure. Zurich Canada brought in an outside executive to run its Travel ...
Cyber Insurance Does Not Make Clients Ransomware Targets: Marsh
Cyber insurance remains a useful tool in the fight against ransomware, a new Marsh briefing argues. That may seem like an obvious thing to say, but the briefing points out that some are increasingly ...
The Hidden Cost of Standing Still: Legacy Platforms Slow Growth and Halt the Shift to AI-Enabled Insurance Business
Presented by Majesco
There is a hidden disease that is killing insurers — the disease of legacy technology. The problem is a matter...
Some See Nuclear Power as a Tool to Fight Catastrophic Climate Change
Catastrophic climate change can still be averted even without increasing one of the biggest sources of carbon-free electricity. That was the message sent to International Atomic Energy Agency ...
Blame Game Escalates as UK Argues Brexit Deal is Near Impossible
The blame game over the likely failure to reach a Brexit deal escalated, with the U.K. accusing German Chancellor Angela Merkel of making an agreement effectively impossible. The pound fell. ...
Southwest Pilots Sue Boeing Over ‘Rush’ to Sell Unsafe Max Planes
The union for Southwest Airlines Co. pilots sued Boeing Co., saying the manufacturer rushed output of the 737 Max jet to stay competitive, withholding key information about a feature that contributed ...
Arch: Dorian, Faxai Caused Up to $75M in Pre-Tax Cat Losses
Arch Capital Group Ltd. disclosed pre-tax catastrophe losses of between $65 million and $75 million for the 2019 third quarter. Damages caused by Hurricane Dorian and Typhoon Faxai are largely to ...
SCOTUS Rejects Utility’s Bid to Recover 2007 California Wildfire Payouts
The U.S. Supreme Court on Monday declined to hear a bid by Sempra Energy's San Diego Gas & Electric Co to recover $379 million from customers related to damages it was forced to pay out in ...
Verisk Must Pay $125M to EagleView in Patent Infringement Verdict
A New Jersey recently ordered insurance data services firm Verisk to pay $125 million to aerial imaging firm EagleView for lost profits linked to Verisk infringing on various EagleView patents. The ...