Commercial Lines
The Latest Launches From RMS, Liberty Mutual and JLT Re
RMS debuted the newest iteration of its signature catastrophe risk management software. Liberty Mutual's National Insurance Property unit increased its per-risk capacity to help property owners and ...
Cyber Catastrophe Modeling: Challenges of an Inexact Science
Insurers, their regulators and ratings agencies are increasingly aware of the potential for a catastrophic cyber loss. The aggregation of cyber risk assumed under policies providing affirmative or ...
U.S. Regulator Downplays Immediate Need to Regulate Self-Driving Cars
It's premature to regulate the self-driving vehicles being tested by companies such as General Motors Co. and Waymo LLC, the U.S. government's top auto safety official said. "At this point the ...
Overturning the J&J $4.7B Talc Verdict Won’t Be Easy
Johnson & Johnson has vowed to appeal a $4.7 billion verdict awarded to 22 women who claim asbestos-contaminated talc in the company's products gave them ovarian cancer by arguing the plaintiffs' ...
May’s Brexit Rebellion Worsens; Second Referendum Proposed
Theresa May's long-running battle with her divided Conservative Party took a potentially more dangerous turn, as one of her former ministers began assembling lawmakers to vote against her Brexit ...
To Build a Blockchain, Keep Expectations Measured and ‘Park Your Ego’ at the Door
Insurers hesitating about blockchain investments should definitely get into the game, but keep their expectations reasonable and measured, according to a recent panel of experts who spoke at the ...
Trump Tax Cuts, Lower Cat Losses Helped Make Q1 U.S. P/C Results Soar
Tax reform and lower catastrophe losses helped make all the difference for private U.S. property/casualty insurers in the 2018 first quarter. Their net income after taxes surpassed $17 billion during ...
Executives On The Move at Chubb and GEICO
Chubb promoted one of its executives to lead its European Personal Risk Services division. GEICO named an executive to a vice presidential role handling recruitment, hiring and training of new ...