Commercial Lines
Central Italy Slammed by Series of Strong Earthquakes
A series of strong earthquakes hit central Italy on Wednesday, striking fear among residents still rattled by a deadly tremor in August, but there were no reports of casualties. A quake measured at ...
2016 Ransomware Attacks Against Businesses Multiply Rapidly
Ransomware attacks against businesses will be four times higher in 2016 than last year, with a growing number of ransom-seeking hackers demanding bitcoin rather than money, according to a report by ...
XL Group CEO McGavick: In Q3, Catlin Merger Benefits Are Becoming Clearer
XL Group said it boosted net income and improved its property/casualty combined ratio during the 2016 third quarter, even as pretax natural catastrophe losses soared. CEO Mike McGavick asserted that ...
XL Group Restructures P/C Operations, Names Revamped Senior Leadership Team
Bermuda-based XL Group Ltd./XL Catlin announced senior role changes in connection with a planned realignment of its property/casualty operating model. All of the new appointments are effective as of ...
U.S. Treasury to Banks: Provide Details on Cyber Attacks
The U.S. government on Tuesday told banks to include details about cyber attacks when filing mandatory reports on fraud and money laundering, saying that will help battle digital crimes that pose "a ...
Ironshore Adds Mandarin-Language Products, Services to M&A Unit
Ironshore International said it is now offering insurance documents and services in Mandarin for its Mergers & Acquisitions unit, a move that will help it better market to Chinese companies. The ...
Industry Needs to Address Gaps in Workers Compensation, AMCOMP Panelists Say
At the American Society of Workers' Compensation Professionals (AMCOMP) Fall Meeting held recently in New York, Mark Walls, vice president of communications and strategic analysis at Safety National, ...
AIG’s Limits for Terror Cover Quadruple to $1 Billion
American International Group Inc. lifted limits on property claims tied to acts of terrorism to $1 billion as clients ask for more protection in larger cities. The previous limit was $250 million, ...