Commercial Lines
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 ...
Turo: The Insurance Question
The editors of Carrier Management wondered about insurance questions surrounding one of the sharing economy innovations described in Dennis Chookaszian's accompanying article—the car sharing ...
U.S. Asbestos Payments Grow in 2016; Incurred Losses Drop: A.M. Best
While U.S. asbestos-related incurred losses dropped in 2016, insurance payments grew 9 percent and hit $3.2 billion for the year, a new A.M. Best report concludes. The $3.2 billion figure exceeds the ...
SCOTUS Seems Reluctant to Broaden Dodd-Frank Whistleblower Protections
Conservative and liberal U.S. Supreme Court justices on Tuesday appeared reluctant to broaden protections for corporate insiders who blow the whistle on securities law violations or fraud by their ...
Patriot National Will Reorganize for Acquiring Lenders; Subsidiaries to File Chapter 11
Patriot National Inc., which provides technology, outsourcing and underwriting services to the insurance industry, has announced a plan of reorganization as part of a restructuring support agreement ...
Apple and Qualcomm Accuse Each Other of Patent Infringement
Apple Inc on Wednesday filed a countersuit against Qualcomm Inc, alleging that Qualcomm's Snapdragon mobile phone chips that power a wide variety of Android-based devices infringe on Apple's patents, ...
Spike in Drone Use Places Airlines, Business Jets at Risk: FAA Research
The millions of small civilian drones plying the nation's skies can cause significant damage to airliners and business jets in a midair collision, new research commissioned by the U.S. Federal ...
Executives On The Move at Ironshore, W.R. Berkley and Starr Cos.
Ironshore chose a new head of Global Claims. W.R. Berkley Corp. made some new appointments in two of its business units. Starr Cos. named two executives to help run its new Accident & Health ...