Commercial Lines
Hackers Target Mexico Banks; $15M Reportedly Siphoned From Five Companies
Mexico's central bank said on Wednesday that a cyberattack had sucked around 300 million pesos ($15.33 million) in fraudulent transfers from five companies, but it was unclear how much thieves had ...
Brexit Still Places Millions of Insurance/Derivative Contracts at Risk: EU
There is no guarantee that Brexit won't disrupt millions of insurance and derivative contracts and it is still up to firms to take preventive measures, the European Union's financial services chief ...
The Latest Launches From Chubb and Corvus Insurance
Chubb is adding more coverage to its Small Commercial Marketplace, in partnership with The Doctors Company. Corvus Insurance, an InsurTech startup focused on the commercial insurance market, has ...
Lemonade Debuting an Open Source Insurance Policy All Can Help Shape
Lemonade Inc. has come out with an open source insurance policy that rivals can use and all have the capacity to shape, something it touts as a first within the industry. Dubbed Policy 2.0, the ...
U.S. Commercial Lines Could Produce Small Underwriting Profit in 2018: Fitch Ratings
After a tumultuous 2017, the U.S. commercial lines market should eke out a small underwriting profit in 2018 assuming catastrophe losses return to more historical norms, Fitch Ratings said in a new ...
Six More States Sue Purdue Pharma, Alleging It Fuels Opioid Epidemic
Litigation against OxyContin maker Purdue Pharma LP is intensifying as six more U.S. states on Tuesday announced lawsuits, accusing the company of fueling a national opioid epidemic by deceptively ...
Buffett’s Berkshire Hathaway Grows Apple Investment, Doubles Teva Stake
Warren Buffett's Berkshire Hathaway Inc on Tuesday said it has more than doubled its investment in generic drugmaker Teva Pharmaceutical Industries Ltd , and confirmed it has become Apple Inc's ...
Judge Won’t Let Uber Deny Responsibility for Driver Assaults
A judge refused to let Uber Technologies Inc. off the hook over a high school student's claims that her driver made lewd comments to her -- marking another rejection of the company's argument that it ...