Commercial Lines
Multiples Parties Were Interested in XL Besides AXA, Filing Reveals
According to details revealed in a public filing Monday, two parties approached XL Group for potential tie-ups before AXA started to pursue a deal—and seven, in total, were interested before AXA ...
Calif. Workers Comp Premium Down in 2017; First Drop in Seven Years
Written premium in California workers compensation fell slightly last year—the first time that's happened in seven years, according to a new report. The Workers Compensation Insurance Rating Bureau ...
Marsh Simplifying Certificates of Insurance Process on Blockchain
Marsh announced it is collaborating with IBM, ACORD and its client, ISN, to develop a commercial blockchain solution for proof of insurance. By using blockchain, or distributed ledger technology, ...
Tesla Draws Negative Response for Blaming Autopilot Death on Driver
Consumer-safety advocates and autonomous-vehicle experts criticized Tesla Inc. for issuing another statement about the death of a customer that pinned the blame on driver inattentiveness last week. ...
Plaintiffs’ Lawyers Readying ‘Thousands’ of Asbestos Cases in Wake of J&J Verdict
A $117 million verdict against Johnson & Johnson and a supplier in favor of a man who said his asbestos-related cancer was caused by long-term use of J&J's Baby Powder could open a new front ...
Executives On The Move at AIG and CNA
American International Group hired on a veteran XL Catlin executive for a leadership role in its General Insurance arm. A former AIG executive is joining CNA as its new senior vice president, Global ...
Wildfire Fallout: Everest Re Estimates $100M Q1 2018 Catastrophe Loss
Everest Re Group disclosed it will be dealing with $100 million in estimated catastrophe losses for its 2018 first quarter. California wildfires and related events are to blame. The Bermuda-based ...
Chubb Injects New Free Online Cyber Index Into Data Breach Battle
Chubb has put two decades worth of its own commercial cyber claims data into an online index that shows the cyber threats for organizations based on their size and industry. Access to the new ...