Commercial Lines
Liberty Mutual Forms $1B Risk-Sharing Deal with OPIC, Furthering Diversification Strategy
Liberty Mutual Insurance has formed a $1 billion risk-sharing agreement with the Overseas Private Investment Corp. (OPIC), the U.S. government's development finance institution, which furthers the ...
U.S. Commercial Insurance Pricing Increased Four Consecutive Quarters: Willis Towers Watson
The U.S. commercial insurance sector has now produced four consecutive quarters of price increases, according to Willis Towers Watson's latest survey of the sector. Pricing ticked more than 2 percent ...
Senior Democrat Urges Tougher U.S. Response to Cyber Attacks
A senior Democratic senator warned Friday that the U.S. is failing to defend against continuing cyber attacks by China, Russia and other countries, urging the Trump administration to show resolve to ...
Proposed Coal Plant Carbon Rule Roll Back Could Trigger New Plants
The Trump administration is expected on Thursday to roll back an Obama-era rule that requires new coal plants to capture their carbon emissions, a move that could crack open the door in coming years ...
Last-Ditch Lawsuit Seeks to Invalidate Brexit Referendum
A group making a last-ditch attempt to challenge the June 2016 Brexit vote asked a London court to review whether findings that "corrupt and illegal practices" took place during the campaign were ...
Markel Division Draws Attention of U.S., Bermuda Regulators
Markel Corp. disclosed that U.S. and Bermuda regulators are inquiring about loss reserves from one of its divisions. The Virginia-based specialty insurer said that it was initially contacted on Nov. ...
For Two Years Running, U.S. Wildfire Claims Payouts Will Exceed $10 Billion
Here's an ominous milestone for the property/casualty industry: 2018 will likely be the second consecutive year where insurance claims payouts related to annual U.S. wildfires will exceed $10 ...
Executives On The Move at Planck Resolution and AGCS
Planck Resolution hired a former AIG executive in a key role. Allianz Global Corporate & Specialty promoted one of its executives to become North America regional head of Entertainment. *** A ...