Commercial Lines
Wells Fargo Selling Commercial Insurance Business to USI Insurance
Wells Fargo is selling its commercial insurance business to national brokerage USI Insurance Services. USI said it has agreed to acquire Wells Fargo Insurance Services USA, which includes commercial ...
Executives On The Move at Chubb, Hiscox USA and Crawford & Company
Chubb named a new leader for a key business within its North America Financial Lines division. There's a newly-appointed chief operating officer at Hiscox USA. A former Zurich North America executive ...
Major Ransomware Virus Attacks Servers Across Europe
A major ransomware attack on Tuesday hit computers at Russia's biggest oil company, the country's banks, Ukraine's international airport as well as global shipping firm A.P. Moller-Maersk. ...
Anthem to Settle U.S. Data Breach Lawsuits With Record $115M Payment
Anthem Inc, the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people's personal information for $115 million, which ...
Apple, Cisco Jointly Pursue Cyber Insurance Discounts for Their Business Clients
Apple Inc is working with Cisco Systems Inc to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance premiums, Apple Chief Executive Officer Tim ...
XL Catlin, The McGowan Companies Seal Workplace Violence Insurance Marketing deal
XL Catlin and The McGowan Companies have an exclusive underwriting agreement to start marketing workplace violence insurance to U.S. businesses. The arrangement calls for The McGowan Companies, a ...
Tiny Cameras, Sensors Help Reduce Risks in Cars With Automated Driving Tasks
Automakers are using tiny cameras, sensors to track drooping heads, steering wheel monitors and audible alerts to ensure drivers pay attention when using advanced driver assistance systems, like ...
The Hartford Is Transferring $1.6B in Pension Liabilities to Prudential
The Hartford said it will transfer $1.6 billion of its pension liabilities to Prudential Financial, affecting current and future benefits for about 16,000 former employees. Plans call for having the ...