Commercial Lines
Trump Policy Shift on Flood Insurance Draws Cheers From Climate Advocates
Climate advocates say an overhaul of the nation's flood insurance program being unveiled by the Trump administration will spur communities around the country to better plan for extreme weather, but ...
Aon’s New Ventures Group Turns Initially to Intellectual Property
Aon's New Ventures Group, which was formed in October 2018 to accelerate Aon's investment in innovative new products, is focusing its first efforts on intellectual property in order to help clients ...
Devastating Floods in U.S. Plains States Tear Apart Homes, Businesses, Kill at Least Two
There was no let up in sight for devastating floods across the U.S. Central Plains states that have already killed two people, torn apart homes and businesses and cut off small towns, forecasters ...
Buffett’s Berkshire Hathaway: Vice Chairmen Jain, Abel Each Make $18 Million
Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the ...
Marijuana Is Legal; Now What? Workers Comp Carriers Prepare for Claims Ahead
There's no doubt marijuana is having a moment, with several states having passed legislation legalizing it for both medical and recreational use. Media focus has centered on the drug's benefits, but ...
Consumers Excited to Exchange Personal Data for Cheaper Financial Products; Privacy Remains a Concern
Carriers focusing on telematics and other tools that measure customer behavior in exchange for lower prices may be onto something. A new Accenture report has found that insurance or banking products ...
2018: A Big Year for U.S. P/C Insurers’ Net Income Results
U.S. P/C insurers' net income soared in 2018, thanks in part to premium increases, higher net investment income and fewer catastrophe losses, A.M. Best concluded in a new report. Industry net income ...
SEC May Sue VW Over Diesel Breach Nondisclosure
Volkswagen AG may face a U.S. Securities and Exchange Commission lawsuit over the carmaker's failure to disclose to investors that its diesel vehicles didn't comply with emission standards, according ...