Commercial Lines
U.S. Storms Cost Insurers More Than $2B in March: Aon
The U.S. was hit by a series of severe weather events in March, leading to extensive damage in central and eastern parts of the country and aggregated insurance losses expected to exceed $2.0 ...
Wells Fargo Investors Urged to Unload Most Board Members Over Fake Account Scandal
Wells Fargo & Co. shareholders should vote to remove most of the bank's board members after they failed to provide "timely and sufficient risk oversight" to head off a scandal involving the ...
Chubb CEO Greenberg’s Comments on ‘Abusive’ Broker Behavior Not About U.S. Market: Industry Group
Chubb President and CEO Evan Greenberg is slamming the behavior of some brokers as "abusive," but a major industry group asserts that he wasn't referring to anyone in the U.S. market. The remarks at ...
Executives On The Move at Chubb, QBE North America and More
QBE North America hired a former AIG and Attune executive in a leadership role focused on multinational offerings. Chubb has a new senior vice president focused on North America commercial insurance. ...
17 States Challenge Trump’s Attempt to Roll Back Climate Change Regs
A coalition of 17 U.S. states filed a legal challenge on Wednesday against efforts by President Donald Trump's administration to roll back climate change regulations, deepening a political rift over ...
Berkshire Hathaway Specialty Insurance Sues Goodyear Over Covering Asbestos Claims
An insurance unit of Warren Buffett's conglomerate Berkshire Hathaway Inc said it has sued Goodyear Tire & Rubber Co to avoid having to cover asbestos-related injury claims that Goodyear said ...
Markel Subsidiary Acquires Remaining Stake in Canadian MGA
Markel Canada, the Toronto-based subsidiary of Markel International, has acquired the remaining 50 percent stake in Allsport Insurance Marketing Ltd. Allsport is an incorporated managing general ...
Defective Products, Crashes, Human Error Cause Large Chunk of Business Liability Losses
Defective product/work quality issues, crashes and human error are listed as the top causes of liability loss for businesses, according to a report published by Allianz Global Corporate Specialty ...