Commercial Lines
Hurricane Dorian Insured Caribbean Losses Could Reach $3B: AIR Worldwide
Hurricane Dorian's impact on the Caribbean will cause $1.5 billion to $3 billion in insured losses, according to an estimate from Verisk-owned catastrophe modeling firm AIR Worldwide. Modeled loss ...
Couple Sues Walmart Over El Paso Shooting, Alleging Poor Security
A couple wounded in the Aug. 3 mass shooting at a Walmart in El Paso, Texas, has sued the retailer, claiming the store lacked proper security, in what their lawyers called the first lawsuit over the ...
U.K. Wavers Between No-Deal Brexit and No Exit
Once the chaos of the Brexit crisis is stripped away, there are ultimately just three main choices for the United Kingdom: departing the European Union without a deal, striking an exit deal or ...
GL Will Be Next Line to Harden, Berkley Says
The commercial general liability line will be the next property/casualty line to harden, the chief executive of W.R. Berkley Corp. predicted at an industry conference Wednesday. Speaking at the ...
CM Risk Alerts: Semi-Autonomous Cars, Smart Ovens and VR Data Privacy
The use of semi-autonomous cars could lead to an increase in drunk driving, according to one expert. Some smart ovens have been accidentally preheated overnight by their owners. Biometric tracking ...
AIG Will Finalize Transition to Affirmative Cyber Coverage in January 2020
American International Group said it is finalizing a transition to affirmative cyber coverage across its global commercial lines. As of January 2020, AIG said that virtually all of its commercial ...
Executives On The Move at Metromile and Marsh
Metromile hired a veteran venture capitalist as its chief marketing officer. Marsh made a few senior leadership appointments within its Property and Financial and Professional Liability ...
Caribbean Island Nations Pool Disaster Risk to Pay for Megastorms
Some of the first financial relief the Bahamas receives in the aftermath of Hurricane Dorian may be a rapid insurance payout from a novel program just 12 years old. CCRIF, once short for the ...