Commercial Lines
Japan Floods Leave Behind Up to $4B in Insured Losses: AIR Worldwide
Massive flooding in Japan earlier this summer will be costly, with insured losses landing between an estimated $2 billion and $4 billion, according to AIR Worldwide. As the catastrophe modeling firm ...
For Uber, Sexual Harassment Settlement Costs $34,000-a-Head
The cost of Uber Technologies Inc.'s March agreement to settle sexual harassment claims is now itemized: 56 current and former employees who filed claims stand to collect an average of $33,928.57. In ...
No-Deal Brexit Could Affect Everything From Insurance Contracts to Consumer Pricing
Britons face higher prices when buying from the European Union unless the government can secure a Brexit deal, while retirees in countries like Spain risk losing access to pensions paid into U.K. ...
Executives On The Move at AIG, Farmers, AXIS and Marsh
Both American International Group and Farmers hired new chief information officers. AXIS Capital Holdings Limited appointed a veteran executive to the newly created position of chief strategy ...
The Hartford CEO Swift Said He Long Admired Navigators Before Pursuing M&A Tie-Up
It turns out that The Hartford's planned $2.1 acquisition of The Navigators Group is a great example of corporate patience. As The Hartford CEO Christopher Swift explains it, his company's interest ...
The Latest Launches From Coalition, Guy Carpenter and Vault
Coalition is marketing cyber insurance designed to protect organizations against fraudulent use of their IT and telephony services. Guy Carpenter inked a multiyear partnership with a London-based ...
Hawaii Still Vulnerable to a Weakened Hurricane Lane
Hurricane Lane has lost some of its punch as it prepares to brush past Hawaii but still threatens to inflict "tens of millions of dollars" in damages on the islands. The storm weakened to Category 4 ...
Judge Affirms $4.69B J&J Talc Verdict; Company Promises Appeal
A Missouri trial court judge has affirmed the massive $4.69 billion verdict against Johnson & Johnson in a case involving 22 women and their families who alleged the company's talc-based ...