Commercial Lines
Historic Drought Devastates South Europe Crops
Italian durum wheat and dairy farmer Attilio Tocchi saw warning signs during the winter of the dramatic drought to come at his holding a mile away from the Tuscan coast. "When it still hadn't rained ...
Judge Dismisses $18B UK Mastercard Class Action Suit
A London judge rejected an application by a group representing 46 million consumers to pursue a lawsuit against Mastercard Inc. that would have been the largest of its kind since U.S.-style class ...
Executives On The Move at Markel and Marsh
Markel has a new person to leads the U.S Excess Casualty team of Markel Global Insurance. Marsh brought on an executive to run Marsh Sponsored Programs, a provider of insurance products for ...
Allianz Global Corporate & Specialty Teams With InsurTech in Aircraft Insurance Partnership
Allianz Global Corporate & Specialty teamed with InsurTech startup Visicover on a partnership to sell airplane insurance and related products. Neither side is disclosing financial terms. The ...
Heavy California Rains Ironically Set Stage for Robust Fire Season
Forest fires are picking up once again in California. The cause this time: rain and snow. Really, rain and snow? OK, perhaps not exclusively, but yes, as counterintuitive as it would seem, the weeks ...
Congressional Republicans Introduce Bills to Repeal Rules Barring Forced Consumer Arbitration
Republicans in the U.S. Congress are moving quickly to try to eliminate a new regulation that bars financial firms from forcing consumers into arbitration to settle disputes. Top lawmakers in both ...
Travelers Net Income Drops 10%; Weather-Related Losses, Personal Auto Results to Blame
As sizable as Travelers' $595 million in 2017 second quarter net income was, it was a good 10 percent lower than the same period a year ago. Weather-related losses and higher personal body injury ...
$22B in H1 Insured Losses Stem Largely From U.S. Storms: Impact Forecasting
Insured losses for natural disaster totaled $22 billion during the first six months of 2017, with the cost stemming in large part from U.S.-focused, hail, heavy winds and tornadoes. Aon Benfield's ...