Commercial Lines
May Trudges On With Brexit After Key Minister Abruptly Quits in Protest
British Prime Minister Theresa May pledged on Monday to pursue a newly agreed strategy to quit the European Union, in a challenge to those who may want to follow her former Brexit minister and quit ...
Q2 2018 Insured Cat Losses Land on the Low Side: Morgan Stanley
Insurers dealt with approximately $7.1 billion in global insured catastrophe losses during the 2018 second quarter, well below the historical average, Morgan Stanley estimates in a new research note. ...
Behind every commercial or residential property in a regional insurer’s portfolio are people relying on their carrier to remain resilient...
Catastrophes Dipped in 2017 But Caused More Economic Damage: Swiss Re Sigma
Though there were fewer catastrophes globally in 2017 than the previous year, they caused significantly more damage, and the year's historic hurricane season is largely to blame, according to the ...
Trade Credit Insurance Gains a Fresh Look in Wake of Trump Tariffs
Trade tensions sound like a great opportunity to underwriters of a little-known insurance product. U.S. President Donald Trump set off fears of a global trade war with tariffs on metals and an array ...
Judge Reverses $140M Lawsuit Against AbbVie Over Testosterone Replacement Risks
A U.S. judge on Thursday overturned a $140.1 million verdict against AbbVie Inc in a lawsuit by a man who claimed the company misrepresented the risks of its testosterone replacement drug AndroGel, ...
Files Seized From VW Law Firm Can Be Used in Investigation: Court Ruling
Volkswagen has lost a legal challenge to prevent prosecutors from examining unpublished documents about its emission scandal, with Germany's top court ruling on Friday that files seized from a U.S. ...
Allianz Board Member: Financial Market Volatility Will Harm Insurer’s Fund Business
Recent volatility in financial markets will curb inflows this year into Allianz's asset management business, which includes U.S. bond giant Pimco, a board member told Reuters. In 2017, Allianz reeled ...
Planck Re, a Commercial Insurance Data Platform Startup, Raises $12M
Planck Re, a commercial insurance data platform startup, nailed down $12 million for its first formal financing. Arbor Ventures led the round, which also included Viola FinTech and Eight Roads. Plans ...