Commercial Lines
Storing Telematics Data in the Cloud Puts Driver Privacy at Risk: Research
Drivers' private information can be compromised when stored in the cloud for usage-based insurance (UBI) programs, according to researchers. Using connected-device, or telematics, functions in ...
Executives On The Move at Chubb, XL Catlin, QBE North America and More
A former Swiss Re executive is joining XL Catlin in a leadership role. QBE North America said it will appoint a former CNA executive as its new chief underwriting officer for North America. Chubb ...
Wells Fargo Board Blames Ex-CEO, Other Exec for Much of Fake Account Scandal
Wells Fargo & Co.'s board clawed back an additional $28 million from former Chief Executive Officer John Stumpf and canceled about $47 million of ex-community bank head Carrie Tolstedt's stock ...
NY Regulator: States Should Use Its Cybersecurity Rules as Template
A group of U.S. state insurance regulators should use New York's sweeping cyber security rules as a model for how insurers must protect their networks from hackers and when they must disclose cyber ...
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. ...