Commercial Lines
January Severe Weather in U.S. Cost Insurers More than $1B: Aon
Major weather and flood events in the U.S. during January will cost the insurance industry more than $1 billion as tornadoes hit a 17-year high, according a report published by Impact Forecasting, ...
Chinese Insurance Regulator Warns Against Reckless Offshore Investment: Report
A senior Chinese insurance regulator warned against the industry's reckless overseas investment, saying some insurers behaved recklessly when it came to offshore acquisitions, the official Securities ...
Zurich’s Q4 Profit Boosted by One-Time Gains; Greco’s Revamp Strategy Questioned
Zurich Insurance Group AG fell in Zurich trading after posting a quarterly profit supported by one-time gains as Chief Executive Officer Mario Greco presses ahead with an overhaul of Switzerland's ...
The Latest Launches From Talbot, Assurant and Marsh
Talbot Underwriting launched three enhanced Lloyd's terror facilities. Assurant found a partner through which it is offering liability and property insurance coverage for vacation homeowners. Marsh ...
Repairing the Tumultuous Commercial Auto Line of Insurance
There is little uncertainty that commercial auto is in a time of turbulence. Between the enormous claims payouts, increasing claim frequency and escalating issues with driving behavior, something ...
BMW Will Resolve Vehicle Water Damage Lawsuit for up to $478M
German automaker BMW AG has agreed to pay up to $477.7 million to settle a class-action lawsuit covering about 318,000 U.S. luxury car owners who may have suffered water damage harming electrical ...
Lady Gaga Super Bowl Drone Extravaganza Underscores Wide Embrace of Unmanned Aircraft
The synchronized swarm of 300 drones lit up the night sky behind Lady Gaga, morphing into an American flag as she recited the Pledge of Allegiance. Sunday's Super Bowl halftime light show -- ...
The Drone Racing League Is Coming, Sponsored by Allianz
As commercial and personal drone use has soared, drone racing – think Indy 500 but with drones – may also gaining traction, and Allianz has inked a multi-year sponsorship deal that will give it a ...