Commercial Lines
Moody’s Boss Fired for Retaliating Against Female Co-Worker Wins $1.8M, Job Back
A Moody's Corp. managing director fired for lashing out at a junior co-worker who criticized his team's work won his Paris job back and a 1.6 million-euro ($1.8 million) payout. Moody's French unit ...
Executives On The Move at Chubb, RLI and OneBeacon
A newly promoted Chubb executive gains additional responsibilities in the Asia Pacific region. OneBeacon Insurance Group has a new president of its Management Liability business unit. RLI Corp. ...
Alphabet Board Sued, Accused of Allegedly Covering Up Sexual Misconduct Claims
Two shareholder lawsuits filed this week accused the board of Google parent Alphabet Inc. of playing a direct role in covering up sexual misconduct claims against two former executives over the last ...
2018 Catastrophes Made ‘Muted Impact’ on Jan. 1 Renewals: Guy Carpenter
The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the fourth-highest annual catastrophe loss year on record did create questions over ...
‘Potentially Crushing’ Wildfire Liabilities Force California Utility to Prepare Bankruptcy Filing
PG&E Corp, owner of the biggest U.S. power utility by number of customers, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially ...
Brexit Uncertainty Leads to Shrinking Demand for Britain’s Financial Sector
Uncertainty over Brexit and the economy have led demand for Britain's financial services to shrink for the first time in five years, with no immediate sign of an improvement, a survey by business ...
Opinion: Calling Out Cyber Attackers Could Give Insurers Reason to Deny Claims
The $100 million lawsuit that Mondelez, the maker of Oreos and Cadbury chocolate, has brought against Zurich Insurance Group shows that governments should be more careful about identifying the ...
Arch Warns Q4 Pretax Cat Losses Could Reach $130 Million
Arch Capital Group Ltd. is warning that it faces between $110 million to $130 million in pretax catastrophe losses for the 2018 fourth quarter. The Bermuda-based insurer and reinsurer blamed the ...