Commercial Lines
Yahoo Discloses Second Massive Hack Attack; More Than 1 Billion Hit in 2013
Yahoo! Inc. disclosed a second major security breach that may have affected more than 1 billion user accounts, another blow to the company's reputation as it nears the sale of its main web businesses ...
Communications, Media, Tech Firms’ Risk Awareness Higher Than Actual Preparedness: Marsh
A large number of communications, media and technology companies see their risks becoming more complex or larger in the years ahead. While that awareness is high, however, protection and preparedness ...
The Latest Launches From Next Insurance, QBE, Marsh and More
Next Insurance has partnered with Munich Re on an online product tailored to commercial photographers. QBE has launched a program with Patriot National to offer workers compensation and employers ...
Reinsurance Sector Can’t Shake A.M. Best Negative Outlook, Despite Market Bottoming
The outlook for the reinsurance sector is being held at negative by A.M. Best, which cited continuing market challenges that will hinder the potential for positive rating actions and may eventually ...
Ex-Chubb Exec to Help Build XL Catlin’s North America M&A Insurance Business
XL Catlin hired a former Chubb executive and another expert who will be charged with helping to build up its M&A insurance business in North America. Ex-Chubb exec Michael McGowan and Joseph Laws ...
Amazon Airdrops Popcorn in Drone Delivery Milestone
Retail giant Amazon.com Inc. has made its first drone delivery to an actual customer, dropping off a Fire TV device and a bag of popcorn to a house in the rural English countryside 13 minutes after ...
RenRe Treasurer and Chief Investment Officer Fonner to Depart in March
RenaissanceRe Holdings said that its chief investment officer and treasurer will be leaving the Bermuda-based reinsurer in the 2017 first quarter. Two people will take over his responsibilities. Todd ...Heading into 2017, Commercial Lines Keeps its A.M. Best ‘Negative Outlook’
The commercial lines segment won't be able to shake the negative outlook A.M. Best assigned it anytime soon. The ratings agency said it will keep that assessment the same heading into 2017, because ...