Commercial Lines
Actuaries: Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years
The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to ...
Porsches and Lamborghinis Lost at Sea in Cargo-Ship Fire Could Cost $155M
The cargo ship that caught fire last week carrying about 4,000 Volkswagen AG vehicles could cost the automaker at least $155 million, according to one consultant's estimate. Of the roughly $438 ...
Facebook to Pay $90M to Settle Privacy Lawsuit Over User Tracking
Facebook agreed to pay $90 million to settle a decade-old privacy lawsuit accusing it of tracking users' Internet activity even after they logged out of the social media website. A proposed ...
Executives on the Move at National Interstate, BHSI, Conduit Re, At-Bay
National Interstate Insurance Company, a member of Great American Insurance Group, has promoted Shawn V. Los to president and chief operating officer. Los joined National Interstate in 2001 as an ...
Gunmaker Remington to Pay $73M to Sandy Hook Families
Remington Arms will pay $73 million to the families of five adults and four children killed in the Sandy Hook Elementary School massacre, the families said on Tuesday, marking the first time a ...
How Wearable Tech Can Drive Down Workers Comp Claims
As we begin a new year, there's a new way to think about workers comp insurance—a way that goes beyond providing a transfer of risk to utilizing connected technology that helps to prevent risk. ...
More Airlines Avoiding Ukraine Airspace Amid Insurance Issues
More airlines are likely to avoid Ukraine's airspace amid insurance issues and a decision by leading European carriers to stop overflights after a U.S. warning that Russia could invade at any time, a ...
Hertz Customers Who Claim They Were Falsely Arrested Score Win in Court
Hertz Corp., battling hundreds of customers who say they were falsely arrested for auto theft after renting cars, was ordered by a federal judge to disclose how many renters it accuses every year. ...