Commercial Lines
A Roundup of Major Insurer/Reinsurer Hurricane and Quake Losses Thus Far
Losses from Hurricane Maria and other recent 2017 natural catastrophes—including hurricanes Irma and Harvey, the Mexico City earthquakes, and other events—have led global insurers and reinsurers ...
Appeals Court Overturns $663M Trinity Guardrail Judgement
Trinity Industries Inc. won't have to pay a $663 million judgment that was awarded in a whistle-blower lawsuit alleging the company defrauded the U.S. government with a faulty highway guardrail ...
Insuretech Connect Conference in Las Vegas to Go On as Scheduled
The Insuretech Connect Conference scheduled to open today in Las Vegas at Caesar's Palace will still be held as planned in the wake of the mass shooting on the Las Vegas Strip, according to the ...
Hurricane Maria Adds Another $200M to Chubb’s $1B-Plus Hurricane Insured Loss Tab
Chubb Ltd., already reeling from more than $1 billion in anticipated losses from two other recent hurricanes, now predicts another $200 million third-quarter hit from Hurricane Maria. The insurer and ...
Brexit Conflicts Rock May’s UK Cabinet; May Denies Problems
U.K. Prime Minister Theresa May is battling to assert her authority over a divided Conservative Party as she faces calls to quit as its leader before the next general election. While May insists she ...
AIG Shoots for Expansion Now That ‘Too Big To Fail’ Status Is Going Away
Now that American International Group Inc. is no longer too big to fail, it has a goal: Get bigger. The U.S. freed the New York-based insurer from enhanced regulation, removing the scarlet letter it ...
Hurricane Maria Insured Loss Estimates Vary Widely in Focus
Catastrophe modeling firms are beginning to issue preliminary estimates of the insured losses left in Hurricane Maria's wake. RMS Said Insured Losses Could Have Been Worse RMS predicted that the ...
Generali’s German Arm Plans Life Insurance Run-Off in Early 2018
Generali Deutschland has launched the next phase of its program to reorganize in Germany, which is one of Generali's core markets. The program is designed to strengthen and streamline operations, ...