Commercial Lines
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 ...
AIG’s Mixed Results Lead to Stock Drop, Wall Street Skepticism
American International Group Inc.'s assurances of underwriting progress are drawing increased skepticism from Wall Street analysts after another disappointing quarter. Results from international ...
The Latest Launches From Chubb, Willis Towers Watson and XL Catlin
Chubb has expanded its business owner's policy to the technology industry and added specialized features. Willis Towers Watson launched an insurance product designed to protect financial institutions ...
UK Court Rules Brexit Can’t Start Without Parliamentary Vote
The U.K. must hold a vote in Parliament before starting the two-year countdown to Brexit, a panel of London judges decided, setting up a constitutional confrontation at the country's Supreme Court ...
AIG Turns a Q3 Profit, but Commercial Combined Ratio Hits 105.3
American International Group Inc, the largest commercial insurer in the United States and Canada, reported a net income versus a loss last year, when tumultuous markets gutted returns from its ...