Commercial Lines
Reinsurance Rates Continue Their Tumble at June 1 Renewals
Reinsurance rates fell for the sixth consecutive year at the June 1, 2017 renewals, according to a market commentary published by JLT Re. JLT Re cited its Risk-Adjusted Florida Property-Catastrophe ...
Sompo International (Formerly Endurance) Will Grab Novae’s Financial Institutions’ Renewal Rights
Sompo International said its London market insurance platform will acquire Novae Syndicate Ltd.'s financial institutions renewal rights. Neither side is disclosing a specific purchase price. Through ...
Liability Insurance Law Restatement Approval Delayed: What It Means
It had been expected by many that after seven years of arduous work, the American Law Institute's "Restatement of the Law, Liability Insurance" would be approved late last month at the Institute's ...
Cyber Attacks From Governments or Criminals Are Hard to Distinguish
Veteran espionage researcher Jon DiMaggio was hot on the trail three months ago of what on the face of it looked like a menacing new industrial espionage attack by Russian cyber spies. All the ...
Local Government Lawsuits Over Marketing of Opioid Painkillers Face Uphill Battle
A growing number of U.S. states, counties and cities are filing lawsuits accusing drug companies of deceptively marketing opioid painkillers to downplay their addictiveness, but some lawyers say the ...
Berkshire Hathaway’s Gen Re Helps Launch Innovation/Technology Collaborative in Germany
Berkshire Hathaway's Gen Re is among insurers who recently helped found InsurLab Germany, a collaborative designed to foster new technologies and innovation in the industry. The initiative formally ...
The Latest Launches From Marsh, QBE, Willis
Marsh launched an aircraft financing product. QBE introduced a crop management tool. Willis has partnered with Allianz Global Corporate & Specialty to enhance its agribusiness programs. *** Marsh ...
Trump Announces Plan to Withdraw From Climate Accord, Possibly Seek Better Deal
President Donald Trump announced the U.S. would withdraw from the Paris climate pact and that he will seek to renegotiate the international agreement in a way that treats American workers better. "So ...