Commercial Lines
Cash-Starved California Utility Won’t Commit to Paying 2015 Fire Victim Settlements
PG&E Corp. is so cash-starved that it won't commit to paying settlements reached with people who lost their homes in a 2015 wildfire caused by a tree falling on a power line. The disclosure by a ...
Guy Carpenter Appoints Post-JLT Merger Executives, Forms New Division
Reinsurance broker Guy Carpenter & Co. has formed a new division and made a series of executive appointments effective after parent company Marsh & McLennan Cos. closes its acquisition of ...
Gen. McChrystal at the I.I.I. Joint Industry Forum: Good Leaders Are Gardeners
Gen. Stanley McChrystal said a leader should be a gardener. That isn't necessarily something you'd expect to hear from McChrystal, a retired United States Army four-star general, and former commander ...
Germany, China Cooperating to Ease Market Access for Insurers, Banks
Germany and China are working on ways to improve market access for each other's banks and insurers, the German finance minister said on Thursday, and he welcomed plans by China and the United States ...
Why Writing Small Business Takes Thinking Big
According to the U.S. Small Business Administration, the United States has 29.6 million small businesses and more than a third of the U.S. working population is employed at businesses with fewer than ...
Better Answers or Fewer Questions; Two Sides to the Commercial Underwriting Improvement Coin
Commercial property/casualty insurance underwriting today is a complicated, often messy process. Many times the agent sends new business applications, loss runs and other documents (together known as ...
Executives On The Move at AXIS Capital Holdings and BHSI
AXIS Capital Holdings is hiring a former Chubb executive as its new chief information officer. Berkshire Hathaway Specialty Insurance named the head of its new Property Construction division in the ...
Fortellix Raises $14M to Automate Generation of Safety Data for Driverless Vehicles
An Israeli-based startup focused on automating the generation of safety verification data for autonomous vehicles has raised a $14 million Series A financing round. Fortellix raised the money from ...