Commercial Lines
Brexit May Adversely Effect Legions of Insurance Liabilities, Bank Contracts Without Fix
As far as Brexit headaches go, Barclays Plc's John McFarlane says that while his bank is on top of job relocations, he's more concerned about rewriting "hundreds of thousands" of contracts. He's not ...
Coastal U.S. Cities Must Address Climate Risks or Face Downgrades: Moody’s
Coastal communities from Maine to California have been put on notice from one of the top credit rating agencies: Start preparing for climate change or risk losing access to cheap credit. In a report ...
Late 2017 Hurricanes Could Spur 2018 Insurance M&A Spree: Clyde & Co. Prediction
Hurricanes Harvey, Irma, Maria and Nate broke records in late 2017 in terms of damages and insured losses. The strains they have caused on the marketplace could spur a wave of M&A activity a ...
GM Plans 2019 Ride-Sharing Rollout for Self-Driving Cars
General Motors Co. plans to have its self-driving cars ready for a ride-share service within two years as the automaker looks beyond traditional car ownership for new tech-driven sources of revenue. ...
Chubb’s Estimated Q4 California Wildfire Losses Surpass $200M
California wildfires from earlier this fall will likely slam Chubb with sizable fourth-quarter catastrophe lost costs. Those numbers are significantly lower, however, than the insurer's Q3 hits from ...
Former Justice Dept. Employee Admits Trying to Sell Secret U.S. Whistleblower Suits
A former partner at a major law firm in Washington pleaded guilty on Wednesday to charges that he tried to sell copies of sealed whistleblower lawsuits against corporations that he obtained while ...
Squabble Over Ireland Delays Brexit Deal
Theresa May's efforts to find a compromise on the Irish border that will unblock Brexit talks struggled on, with both sides digging in on Thursday as the clock ticks down to a deadline next week. ...
Lloyd’s Has Paid Claims of $1.7B for Hurricanes Harvey, Irma & Maria—So Far
The Lloyd's market has paid claims worth $1.7 billion, to date, in response to Hurricanes Harvey, Irma and Maria. Earlier this year, Lloyd's estimated a total commitment of $4.8 billion for the three ...