Commercial Lines
Zurich Insurance Acquires Minority Stake in CoverWallet
Zurich Insurance Group acquired a minority stake in CoverWallet, a digital business insurance agency startup. CoverWallet, which launched in 2016, disclosed the investment, which it said builds on a ...
Tesla Shareholders Sue to Rescind Musk’s Pay, Overhaul Board
Elon Musk's multi-billion dollar compensation package should be rescinded and the board of Tesla Inc should be overhauled to better protect investors in the electronic car company, according to a law ...
Yahoo Must Make Privacy Changes in EU Due to Massive Data Breach
Yahoo's European regulator has ordered it to make privacy changes following a probe into what it said was one of the largest ever data breaches to impact EU citizens. Yahoo, most of whose assets were ...
Ryan Specialty Group Launches Reinsurance MGU RyanRe
Ryan Specialty Group LLC is expanding its managing underwriting strategy with the launch of reinsurance managing general underwriter RyanRe Underwriting Managers, or RyanRe. Working through ...
10 Ways Insurers Make Significant Economic and Social Impacts: I.I.I.
Insurers, more than just protecting against financial loss, are key ingredients for economic growth and community preservation, the Insurance Information Institute argues in a new white paper. ...
Cyber Insurance Premium Growth Will Soon Outpace All Other Sectors
Cyber insurance premium growth will outpace all other sectors within three years, according to a division of Aon plc. Aon Inpoint, Aon's data, analytics, engagement and consulting team, found that ...
AXA’s Planned XL Group Acquisition Gains XL Shareholder Approval
Insurer XL Group's shareholders have approved an agreement for AXA to acquire 100 percent of XL Group. Total consideration for the planned acquisition would amount to approximately $15.3 billion, to ...
New York, Boston Experience Record Days With Coastal Flooding, Due to Storm-Fueled Tides
New York and Boston experienced a record number of days with coastal flooding in the last year as waters surged time and again more than 1 foot (31 centimeters) above normal high tide levels. New ...