Commercial Lines
Super Typhoon Yutu Slams Into Northern Mariana Islands at Historic Strength
Super Typhoon Yutu battered the Pacific Ocean's Northern Mariana Islands with 178 mile (286 kilometers) per hour winds, making it the strongest storm to hit the U.S. territory since 1950. The storm's ...
MAPFRE, Insurance Agents Help Towns Get Back to Normal After Gas Explosions
As three Massachusetts towns faced the aftereffects of a series of natural gas explosions in September, finding some normalcy may have seemed nearly impossible. However, this is something MAPFRE ...
The Latest Launches From AXA XL, Munich Re America and Marsh
AXA XL's primary cyber and technology insurance clients can now get complimentary proactive services meant to help promote resiliency before cyber attacks. Munich Re America has begun marketing a ...
Chubb CEO Greenberg: New Lloyd’s Leader Neal Has His Work Cut Out for Him
Chubb President and CEO Evan Greenberg offered positive words about new Lloyd's of London CEO John Neal, though he cautioned that the venerable insurance marketplace has a long way to go to address ...
Reinsurance Backed by ‘Alternative’ Capital Is Now Mainstream: Willis Towers Watson
The insurance-linked securities (ILS) market is here to stay, said a new survey from Willis Towers Watson. End investors, ILS funds, and buyers – the three groups active in ILS – have ...
New York Accuses Exxon Mobil of Deceiving Investors on Climate Costs
Lawyers for Exxon Mobil Corp. stood before a New York judge in August and told the state's attorney general to "put up or shut up" after spending three years investigating the company's public ...
U.S. Govt. Official Wants Self-Driving Car Industry to Develop Better Safety Metrics
Autonomous vehicle manufacturers need a better yardstick to show that their products are safe, said Derek Kan, under secretary for policy at the U.S. Department of Transportation. The metrics that ...
Cyber Attack on AXA Prompts Mexico Central Bank Alert
Mexico's central bank said on Tuesday it had raised the security alert level in its payment system after a non-banking financial user reported "inconsistencies" in the cash payment matching system. ...