Commercial Lines
Wells Fargo Will Pay at Least $385M to Settle Auto Insurance Scam
Wells Fargo & Co. agreed to pay at least $385 million to customers who say they were signed up for auto insurance without their knowledge or consent when they took out a car loan. Terms of the ...
Swiss Re Moves Ahead With Planned $4.5B IPO for UK Life Biz
Swiss Re is pressing ahead with plans to float its $4.5 billion UK life insurance business in London to put it under a more favorable regulatory regime and give it easier access to capital to fund ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
One Big Storm Added to This Year’s Hurricane Season Forecasts
It only takes one. Just ask the survivors of Superstorm Sandy or Hurricane Katrina. Colorado State University, which pioneered seasonal storm forecasting 36 years ago, on Tuesday upped the ante for ...
AIG Appoints Validus Re’s Driscoll to General Insurance Leadership Role
American International Group appointed the former CEO of Validus Re to a leadership role within its General Insurance unit. Ken Driscoll was named Global Chief Underwriting Officer for Property and ...
Market Hardening Could Benefit Reinsurers Through 2019: S&P
Following disappointing reinsurance pricing increases in 2018 and early 2019, it seemed that no amount of catastrophe losses would be sufficient to harden the overall market. However, during this ...
California Utility Reportedly Planning $11B Fund to Resolve Wildfire Claims
PG&E Corp. has spoken to lawmakers about putting together a pool of capital worth about $11 billion to settle claims related to wildfires blamed on the bankrupt California utility, according to ...
Aviva Will Slash 1,800 Jobs Globally and Overhaul UK Business
British insurer Aviva will restructure its British business and cut costs across the firm with the loss of 1,800 jobs globally as it new chief executive seeks to make the business more competitive. ...
Today’s Product Partnerships: CNA/Hartford Steam Boiler and Aon/CyberCube
CNA plans to bring more Internet-of-Things-related technology products and services some of its business customers, by way of a new product alliance. Aon plans to deliver cyber insurance and ...