Commercial Lines
What to Expect in Commercial Insurance Pricing in 2017: Willis Towers Watson Forecast
The marketplace for commercial insurance will continue to favor insurance buyers in 2017, particularly those with strategic risk management and risk transfer strategies, according to Willis Towers ...
Cyber Theft Strikes 20,000 Tesco Bank Accounts in UK
The banking arm of Britain's biggest retailer Tesco was scrambling on Monday to deal with an online attack over the weekend on 40,000 customers' accounts, 20,000 of which had money removed. The hack ...
AIG Apartment Mortgage Lending Climbs 20 Percent, Reaching $5.2B
American International Group Inc., the largest commercial insurer in the U.S. and Canada, has been increasing lending for apartments as the company seeks to counter low yields on publicly traded ...
Commercial Underwriting: From Strategy to Execution
Leading middle-market insurers are re-examining their underwriting function along four key dimensions. The output from these re-examinations include a variety of actions to enable sustainable ...
Behind the Battle Over Loss Sensitive Workers Comp Plans: Small Biz vs. Berkshire’s Applied
David Miller is a stickler for safety at the Goodwill stores he runs in central California. So when Applied Underwriters offered his nonprofit a deal on insurance for workplace accidents if he could ...
Double-Digit Drop in Q3 Profit for Insurance Ops at Buffett’s Berkshire
Berkshire Hathaway reported a 10.5 percent drop in operating profit for its insurance and reinsurance operations during the third quarter, with underwriting income falling 34 percent. While General ...
$50M NBCR Terror Coverage Available from Lloyd’s Consortium
Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings, Ltd., announced the launch of a Lloyd's led consortium for nuclear, biological, chemical and radiological (NBCR) terrorism. ...
Struggling Greenlight Capital Re Hit With A.M. Best Ratings Downgrades
Greenlight Reinsurance Ltd. has been seeking to improve underwriting results after months of losses. But it apparently hasn't moved fast enough for A.M. Best, which slapped it with credit ratings ...