Commercial Lines
Implications of NYDFS Regulations on Cyber and D&O Exposure
March 1, 2017 marks the effective date for the first-of-their-kind cybersecurity regulations from the New York Department of Financial Services (NYDFS). The regulations, which will be phased in over ...
Munger Sees Danger, Opportunity in Berkshire Hathaway’s $10.2B AIG Deal
Charles Munger, the vice chairman of Warren Buffett's Berkshire Hathaway Inc., said the decision to take on insurance liabilities from American International Group Inc. offers plenty of risk, and ...
Weaker Results at GEICO, Gen Re Dampen Berkshire Hathaway’s Q1 Profit
Berkshire Hathaway Inc , the conglomerate run by billionaire investor Warren Buffett, reported a 27 percent decline in first-quarter profit on Friday, and said a loss from insurance underwriting ...
Executives On The Move at XL Catlin, Beazley, RLI and Erie Insurance
XL Catlin hired three executives to beef up expanded M&A insurance operations for global transactional risks. An executive joins Beazley to fill the newly created role of financial lines regional ...
J&J Will Appeal $110M Talc Powder Cancer-Link Verdict
Johnson & Johnson was ordered by a St. Louis jury to pay more than $110 million to a Virginia woman who blamed her ovarian cancer on the company's talcum products. Imerys Talc America, which ...
Ironshore CEO Kelley: Goal Under Liberty Mutual Is to Become ‘Premier’ Specialty P/C Insurer
Longtime Ironshore Inc. CEO Kevin Kelley said his company has a genuine shot at becoming a "premier" specialty property/casualty insurance company, both domestically and abroad, now that Liberty ...
Double Whammy of Bad Weather, Lower Premiums Hammer U.S. Insurance Profits
The U.S. insurance industry is suffering from lower property-casualty premiums, bad weather claims and interest rates that are still too low to move the needle, according to earnings reports by some ...
Nationwide, Markel, Munich Re Help Back Next Insurance’s $29M Funding Round
Digital Insurance startup Next Insurance nailed down $29 million in Series A funding, with an investor roster that underscores how many old-school carriers are hedging their bets on technology-fueled ...