Commercial Lines
Typhoon Hato Intensifies, Creating ‘Considerable Threat’ for Hong Kong
Hong Kong was preparing to shutter businesses as Typhoon Hato drew closer to the city, with Cathay Pacific Airways Ltd. scrapping flights and the local observatory warning it may raise the ...
Jury Orders J&J to Fork Over $417M in Talc Cancer-Risk Trial
A California jury on Monday ordered Johnson & Johnson to pay $417 million to a woman who claimed she developed ovarian cancer after using the company's talc-based products like Johnson's Baby ...
Suit Alleges Nestle’s Poland Spring Passes Off Ground Water as High-End H20
Nestle SA's Poland Spring Water unit has duped American consumers into paying premium prices for ordinary ground water that's pumped from some of Maine's most populated areas, rather than from ...
HDI Global Insurance Forms E&S Subsidiary
Industrial insurer HDI Global Insurance Co. (HDI) has formed an excess and surplus lines subsidiary, HDI Specialty Insurance Co. The new platform will "bring European expertise and solutions" to the ...
North America Rebounds in QBE’s H1; Emerging Market Results Tank
QBE reported a healthy profit hike during the first half of 2017, despite heightened claims activity in its Emerging Markets' division, which reported a combined ratio of 110.8 percent. This poor ...
Verisk Analytics Commits $322.7M to Buy UK Software Firm Sequel
Verisk Analytics plans to acquire Sequel for $322.7 million, a deal that will give it a UK-based software firm focused on complex commercial and specialty insurance. Sequel is currently owned by ...
Common Misconceptions and 4 Other Reasons Cybersecurity Is Failing
Businesses are spending a small fortune on cybersecurity but what they are doing is not working very well, according to a cybersecurity expert who sees the insurance industry as a key to improving ...
Another Wells Fargo Snafu: It May Have Harmed Customers by Closing Real Accounts
After paying customers millions of dollars for opening phony accounts they did not want, Wells Fargo & Co has said it is now grappling with the possibility it harmed customers by closing real ...