Commercial Lines
Uber Investor Lawsuit Creating Further Problems Between Directors, Shareholders
Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company's ousted chief executive, Travis ...
Executives On The Move at Markel and QBE
Markel Corp has opened a new trade credit and political risk operation in Chicago, and one of its executives from New York will move there to lead it. QBE named a former Chubb executive to lead its ...
The Schinnerer Group to Add Property Catastrophe Business With ICAT Acquisition
The Schinnerer Group has agreed to acquire International Catastrophe Insurance Managers (ICAT) from the Paraline Group for an undisclosed price. Plans call for closing the deal sometime in the 2017 ...
La Nina Becomes More Likely as El Nino Odds Fade
The U.S. reduced the odds of a Pacific El Nino, but said the prospect of La Nina ushering in cold weather across the northern U.S. has improved. Extremes in Pacific Ocean temperatures, called La Nina ...
Insurance Distribution Is Evolving Into a Core System
With technology advancements and expansion racing one another in the insurance industry, it's becoming ever more evident that distribution is evolving into a core system. Insurers haven't said so in ...
Reinsurers Turn to Fintech Startups for Diversification in Soft Market
When Micah Carr-Hill wanted to insure Chief, the labrador that helps with his son's autism therapy, he found an ally in Munich Re, the world's biggest reinsurer. The German company had just teamed up ...
HBO Tried to Delay Hacker Data Release With $250,000 Offer
Time Warner Inc's HBO network last month offered $250,000 to cyber criminals who hacked into its computer system, asking them to extend a deadline for paying a much larger ransom, according to an ...
Anbang Insurance Workers Comp Complaint Seeks to Reveal Ownership Secrets
A U.S. labor group representing more than 1,000 workers at hotels owned by Anbang Insurance Group Co. is asking authorities to force the Chinese firm to disclose its ownership and financing. The ...