Commercial Lines
Trump’s Proposed Flood Map Program Cuts Could Trigger Higher Insurance Rates
A proposal by the Trump administration to cut $190 million in funding for updating U.S. maps of flood-prone areas would trigger higher insurance rates or more homebuilding in risky locations, a ...
The Latest Launches From BHSI, Ironshore Specialty and XL Catlin
Berkshire Hathaway Specialty Insurance expanded its professional lines coverage in Canada. Ironshore Specialty added M&A transition coverage for construction risks. XL Catlin extended its ...
Preoperative Opioid Use Contributes to Higher Costs, Complications
Surgery patients often go home from the hospital with a prescription for painkillers to take as they recover. But a new study suggests that doctors should also focus on patients who were taking such ...
Large, Tech-Savvy Insurers Will Excel With Big Data; Smaller Carriers Face Struggles
The insurers that will best incorporate data analytics into their daily operations have multinational scale and are already technology savvy in their underwriting practices, Fitch ratings concluded ...
UK PM to Pull Brexit Trigger on March 29; EU Will Make Nation Wait
The European Union signaled its intention to keep Theresa May waiting before engaging in negotiations over the U.K.'s exit from the bloc, in an early indication of how the British prime minister will ...
A Struggling AIG Might Need Substantial Pay for Its Next CEO
American International Group Inc.'s new chief executive officer can expect to deal with a volatile industry, pressure from ratings firms and a restless board. And if the past is any guide, the new ...
Departing AIG CEO Hancock Gets $5M in Cash to Stay During Transition
Peter Hancock gets $5 million in cash to stay on as American International Group's chief executive officer while the board searches for his replacement. But the insurer's departing president and CEO ...
After Taking Time to Digest 2016 M&A, Insurers Ramp up for More
Insurers globally saw the number of completed mergers and acquisitions drop 13 percent in 2016 compared to the previous year, with political uncertainty and previous consolidation efforts slowing the ...