Commercial Lines
FEMA Shifts More Risk to Private Markets With First NFIP Catastrophe Bond
In another step shifting risk to private markets, the Federal Emergency Management Agency (FEMA) said it intends to secure additional reinsurance for the National Flood Insurance Program (NFIP) ...
14 Named Storms Predicted for ‘Above Average’ 2018 Atlantic Hurricane Season
After the costliest Atlantic hurricane season in history last year, early forecasts indicate 2018 will be above average. Look for 14 named storms, and there's a greater than normal chance of a major ...
Equifax Fails to Prevent Mass. Data Breach Lawsuit From Advancing
Massachusetts can move forward with a lawsuit accusing credit reporting firm Equifax Inc of failing to safeguard its databases or provide prompt notice of a breach that exposed the personal data of ...
IAT Insurance Will Enter Surety Space With Planned IFIC Acquisition
IAT Insurance Group said it will jump into the surety market with a planned agreement to buy IFIC Surety Group Inc. Neither side is disclosing financial terms of the acquisition deal, which will ...
The Latest Launches From XL Catlin, W.R. Berkley Corp. and Allied World
XL Catlin beefed up its online underwriting platform for design professional brokers with new bells and whistles. A W.R. Berkley Corp. unit has developed a new travel insurance policy and expanded ...
Better Ways Needed for Human Drivers to Take Over Autonomous Vehicles When Necessary: Experts
Autonomous cars should be required to meet standards on their ability to detect potential hazards and better ways are needed to keep their human drivers ready to assume control, U.S. auto safety and ...
Anbang Insurance Gets $9.7B Infusion From Chinese Govt. After Fraud Alleged
China is injecting 60.8 billion yuan ($9.7 billion) into Anbang Insurance Group Co. as it attempts to contain the fallout after the company's former chairman was accused of masterminding a ...
Swiss Re Predicts SofBank Stake in Reinsurer Won’t Exceed 10%
Billionaire Masayoshi Son's SoftBank Group Corp. is likely to take a stake of 10 percent or less in Swiss Re AG as it seeks to gain a foothold in the cash-rich reinsurance industry. The Swiss ...