Commercial Lines
China’s Anbang Insurance Reportedly Reviewing Assets for Possible Divestments
Anbang Insurance Group Co., the once-acquisitive Chinese insurer that's operating under government control, said it is in the process of reviewing all of its overseas assets amid reports of imminent ...
U.S. P/C Insurers Have Huge Data/Analytics Plans; Limited Understanding a Challenge: Willis Towers Watson
Property/casualty insurers in the U.S. have big plans to boost their use of advanced analytics and data in their businesses in multiple ways, but there are potential roadblocks, according to a new ...
Data Ownership Differences Mean EU Privacy Reg Won’t Be Copied in U.S. Anytime Soon
Beginning May 25, any company from any country that collects, stores, or transmits data on citizens of European Union countries will be subject to the EU's strict new data privacy directive known as ...
Lockton Sued by NRA Over Post-Shooting End of Carry Guard Insurance Program
The National Rifle Association is suing Lockton Cos., alleging the insurance broker breached its contract with the firearms lobbying group. Lockton administered the NRA's Carry Guard insurance ...
Most Commercial Lines Premiums Trended Upward in April: IVANS
Last month, major commercial lines insurance renewal premiums continued trending upward, with one exception: workers compensation. The line remains in negative territory for the year, according to ...
Report: Carl Icahn Sells Off AIG Stake
Billionaire investor Carl Icahn has sold his stake in AIG, Forbes reported on Monday, ending a more than two-year association with one of the largest U.S. property and casualty insurers. The activist ...
Wells Fargo Will Pay $480M to Resolve Fake-Accounts Lawsuit
Wells Fargo & Co. agreed to pay $480 million to settle a class-action lawsuit in which investors accused the bank of securities fraud related to its fake-account scandal. The settlement resolves ...
Regulators Say ‘Sandbox’ Approach May Work to Accommodate Tech-Driven Insurance Innovations
How should regulators address technology-driven insurance innovations that don't fit well under existing rules? A "regulatory sandbox" might be the way forward, a panel of regulators said at the ...