Commercial Lines
European Storms Took Economic, Insurance Toll in June: Aon
Severe European storms during June had an economic price tag of $2 billion, while insurers anticipated claims topping $1.5 billion, according to the latest edition of Aon's monthly Global Catastrophe ...
Consolidation of Third-Party Administrators Continues With Sedgwick’s Purchase of York
Sedgwick announced Monday that it has signed an agreement to purchase York Risk Services, continuing a long-term consolidation trend among third-party administrators. The purchase of York — which ...
IBM Proposes Revamp of Law Shielding Internet Companies From User Content Liability
International Business Machines Corp proposed changes to a 1996 law that protects internet companies from liabilities related to what users post on their platforms. In a blog post on Wednesday, IBM ...
Swiss Re, Citing Weak Demand, Suspends IPO of ReAssure Unit
Swiss Re AG said it suspended the initial public offering of ReAssure Group Plc, as a plan that would have put a value of as much as $4.1 billion on the U.K. unit fizzled due to weak investor demand. ...
Executives On The Move at Zurich, BHSI and CSAA Insurance Group
Zurich Insurance Group appointed a relatively new executive to a leadership role for Europe, the Middle East and Africa. Berkshire Hathaway Specialty Insurance named a new Country Manager for Germany ...
Louisiana Is at Risk From Heavy Rain and Possibly Hurricane Barry
A gathering storm in the Gulf of Mexico that's already flooding New Orleans could grow into a hurricane before slamming into Louisiana this week, drenching the region with as much as a foot of rain. ...
Volvo Makes Viable Limited Use of Commercial Autonomous Trucks
Swedish truckmaker AB Volvo's first commercial autonomous truck deal shows how it is bundling services to generate revenue from a technology that is years away from wide deployment. Driverless ...
Marriott’s Massive Privacy Breach Could Lead to a $124M UK Fine
The massive hacking of Marriott International Inc. reservation databases could lead to a 99 million-pound ($124 million) fine as the U.K. cracked down on privacy breaches with its second major ...