Commercial Lines
California Utility Loses $2.6B Due to Wildfires and Bankruptcy
PG&E Corp., the bankrupt California utility giant, reported a $2.6 billion second-quarter loss and said it expects more charges this year tied to wildfires that devastated the state in 2017 and ...
Companies Can Attract Millennials by Helping Repay Their Student Debt
Like millions of her peers, Nicole Read graduated with thousands of dollars of debt. Unlike most of them, she's getting direct help from her employer to pay it back. The 26-year-old's job at event ...
Listening to the Market: Insurance Products That Fit Today’s Customer Needs and Demands
Presented by Majesco
The case for innovative insurance products How many cell phones have you owned? Computers? Cars? Appliances? Televisions? Do you still...
Appeals Court Rejects Facebook’s Attempt to Halt Facial Recognition Class Action Lawsuit
A federal appeals court on Thursday rejected Facebook Inc's effort to undo a class action lawsuit claiming that it illegally collected and stored biometric data for millions of users without their ...
Executives On The Move at Fairfax Financial Holdings, Travelers and Alliant Insurance Services
Fairfax Financial Holdings Ltd. appointed a new chief financial officer. The Travelers Companies, Inc. named two executives as Co-Chief Investment Officer. Alliant Insurance Services hired an outside ...
AIG CEO Duperreault ‘Encouraged’ by Hardening Market, Talks Operational Overhaul
AIG President and CEO Brian Duperreault said that the evolving, hardening market is sustainable and dovetailing nicely with the insurer's ongoing efforts to shed excessively risky business. "We are ...
New Aviva CEO Starts Turnaround Efforts; Asia Unit’s Options Still on Table
Aviva Plc confirmed it's examining options for its Asian business as new Chief Executive Officer Maurice Tulloch's turnaround of the U.K.'s only insurance conglomerate takes shape. The firm confirmed ...
Insurers Pressured by Activist Groups to Drop Coverage of Oil Sands Pipeline
A coalition of 32 environmental and indigenous groups on Thursday urged insurers to stop underwriting the Trans Mountain pipeline to pressure Canada to cancel its plan to expand the project which ...
Zurich Insurance Ends Revamp Ahead of Schedule, With Goals Complete
Zurich Insurance Group AG said it will exceed all of its financial targets as the global insurer benefits from a three-year turnaround plan that slashed costs. The combined ratio, a key measure of ...