Commercial Lines
Allstate Warns Q4 Results Will Dip From California Cat and Pension Settlement Losses
Allstate warned that catastrophe losses stemming from this fall's California wildfires and a pension settlement will do significant damage to its 2018 fourth quarter financial results. The ...
EU Reportedly Mulling Legal Declaration to Help May Sell Brexit Deal
European leaders will consider going at least some way to giving Theresa May what she's asking for to sell her Brexit deal at home. At a summit on Thursday, they were set to discuss publishing a new ...
Kellogg Co. Credited With Leading Charge for Less Lawsuits, More Worker Arbitration
Former employees of Kellogg Co. are suing the company. Their claims? They allege the cereal giant shouldn't have sued them earlier this year. And why did Kellogg go after its employees in the first ...
Latest California Wildfires Have Produced More Than $9B in Insurance Claims
Insurance claims from the recent spate of California wildfires, including one ranked as the most deadly and destructive in state history, have topped $9 billion and are expected to grow, the state ...
The Latest Launches From Sompo International and Nationwide
Sompo International Holdings said it is boosting its cyber insurance capacity through the launch of a new U.S. team focused on the risk as well as a number of new products and services. Nationwide is ...
AXIS Gains S&P Outlook Upgrade, as Strategic Initiatives Elicit Support
AXIS Capital Holdings won an outlook upgrade from Standard & Poor's Global Ratings as well as an affirmation of its other ratings, thanks to growing confidence in its various strategic ...
AIG Returns to CLO Market for First Sale Since 2008 Financial Crisis
American International Group Inc. has returned to the red-hot collateralized loan obligation market as an asset manager with its first sale since the financial crisis. The $500 million transaction is ...
J&J Begins Settling Claims Asserting It Knowingly Sold Defective Hip Implants
Johnson & Johnson has begun settling consumers' claims that it sold artificial hips knowing they were defective, marking the first settlements in the seven-year-old litigation. A federal judge in ...