Commercial Lines
Nationwide Plans to Slash More Than 1,000 Jobs
Nationwide intends to eliminate the jobs of about 1,100 employees across the country _ around 3.6 percent of its workforce. The insurance and financial services company says about 80 workers in Des ...
J&J Talc Cancer Retrial in South Carolina Fails to Reach Verdict
A second South Carolina jury on Thursday failed to reach a verdict in the retrial of a case by a woman whose family said her long-term use of Johnson & Johnson's baby powder led to her death from ...
The Latest Launches From Starr and ISO
Starr Insurance Companies is linking up with security firm Rapid7 to provide cyber loss prevention services to some of its customers. ISO came out with a management liability insurance program ...
Maiden Holdings’ A.M. Best Financial Strength Rating Dips Below ‘A’
Maiden Holdings is dealing with some A.M. Best ratings downgrades due to concerns about its operating performance. The ratings agency downgraded the long-term issuer credit rating to "bb" from "bb-" ...
CNA’s Commercial Lines Improvements Win Outlook Upgrade From S&P
CNA Group gained an outlook upgrade from Standard & Poor's based on improvement of its commercial lines business. S&P Global Ratings revised its outlook for CNA to positive from stable. As ...
California Wildfires Lowering Surface Temps, Blotting Out the Sun
The smoke from California's deadliest fire is so thick that it's blotting out the sun and lowering surface temperatures by as much as 10 degrees Fahrenheit (6 Celsius), according to the U.S. National ...
Global Insurance Regulators Delay Applying ‘Too Big to Fail’ Label to Carriers
Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required to hold extra capital, in a victory for companies such as American ...
Executives On The Move at Liberty Mutual, Hamilton Re and Willis Towers Watson
Liberty Mutual Insurance appointed four executives who will beef up the technology capabilities of its chief information officer. Hamilton Re hired away a Hiscox Re executive to fill a newly created ...