Commercial Lines
Brexit Risks Making London Lose Ground to New York as Global Financial Center
The U.K.'s exit from the European Union will be a watershed moment for the City of London and weaken its role as one of the world's leading financial centers, Bundesbank Executive Board Member ...
DroneBase Raises $12M in New Financing; Insurers Among Drone Operator’s Customers
DroneBase raised $12 million in new funding to expand its drone operations services for insurers and other businesses. Union Square Ventures and Upfront Ventures co-led the round. DJI and new ...
‘Hyper-Learning’ Could Be Good Tool to Rapidly Transform Your Company
Hyper-learning — the process of continuously learning and unlearning — is a way to help transform companies and other large organizations trying to adapt in the Digital Age, a University of ...
Insurers May Not Be Able to Avoid Blockchain, Virtual Currencies ‘Sweeping Through Industry’
Insurers need to be thinking about blockchain technology and virtual currencies like bitcoin and how to approach these areas of emerging risk as they become harder to ignore, according to panelists ...
Takata’s U.S. Air Bag Settlement to Include Up to $130M of Automaker Money
A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp air bag inflators as part of a deal to resolve the Japanese company's bankruptcy, a ...
L.L. Bean Slapped With Breach of Warranty Suit After Ending Lifetime Return Policy
L.L. Bean Inc. is facing a breach of warranty lawsuit after changing its decades-old lifetime warranty, in what may be the first of many claims over the now-dead policy. The complaint, filed this ...
Intense Downward Pricing Pressures Loom for Marine P&A Clubs, A.M. Best Warns
While the balance sheets of clubs operating in the marine protection and indemnity (P&I) sector are generally strong, underwriting discipline will be tested over the February 2018 renewal period, ...
Commercial Property Rates Rising by Double Digits: Willis Towers Watson
Commercial property insurers are pursuing double-digit rate hikes in the wake of 2017's historic natural catastrophes and the $143 billion in global estimated insured losses they caused. But ...