Commercial Lines
Fiat Chrysler Reportedly Settling Massive Diesel Emissions Civil Suit
Fiat Chrysler Automobiles NV will pay hundreds of millions of dollars to settle a lawsuit brought by the U.S. Justice Department, which alleged some of its diesel-powered vehicles violated clean-air ...
Trump to California: Change Forest Management Practices or Lose Wildfire Aid
President Donald Trump, who has blamed California's forest management for last year's disastrous fires, threatened to halt the Federal Emergency Management Agency's assistance to victims unless that ...
Lawsuit Alleges Defective Tesla Battery Caused Passenger Death
Chicago law firm Corboy & Demetrio said on Tuesday it filed a lawsuit against electric carmaker Tesla Inc alleging that its 2014 Model S sedan had a defective battery pack that caused the death ...
J&J May Never Have to Pay Its $4.7 Billion Baby Powder Court Loss
A $4.7 billion jury verdict against Johnson & Johnson in July helped spark the company's biggest annual share loss in a decade, spotlighting the potential cost of alleged health risks from its ...
AmTrust, Newly Private, Discloses Leadership Changes and a Strategic Plan
AmTrust Financial Services Inc., beginning 2019 as a private company, disclosed some leadership changes and a broad strategic plan. The specialty commercial property/casualty insurer completed its ...
Executives On The Move at AXIS, AXA XL and W.R. Berkley’s Acadia Insurance
AXIS Capital Holdings brought in a former Allstate executive as its new chief analytics officer. AXA XL hired on a new executive for its Excess Casualty Insurance team. W.R. Berkley Corp.'s Acadia ...
HDI Global Specialty SE Makes Its Debut
A new specialty lines insurer is making its debut – HDI Global Specialty SE. HDI Global Specialty SE was created by merging Hannover Re's and HDI Global SE's specialty lines. HDI Global SE holds ...
Insurers Spent One Dollar in Four on Forest Fires Through 2018: Munich Re
Forest fires are becoming increasingly likely because of climate change and costing insurers more than ever, with the deadly fire that ravaged northern California the single most expensive natural ...