Commercial Lines
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, ...
Post-Merger Chubb Scores in Q3 Net Income, Combined Ratio
The world's largest publicly traded property/casualty insurance company, Chubb Limited, reported net income for the quarter ended Sept. 30, 2016 of $1.36 billion, or $2.88 per share, compared with ...
Chubb CEO Greenberg: Enhanced Digital Experience Coming for High-Net-Worth Customers
Chubb CEO Evan Greenberg said the insurer plans to enhance its high-net-worth customers' digital experience in the coming months, underscoring the growing importance of InsurTech improvements as part ...
First Self-Driving Commercial Shipment: Uber Truck Makes Beer Delivery
A tractor trailer full of beer drove itself down Colorado's I-25 last week with nobody behind the wheel. Uber Technologies Inc. and Anheuser-Busch InBev NV teamed up on the delivery, which they said ...
Former Vt. Regulator Joins NCCI as Chief Regulatory Services Officer
Susan Donegan has been named as the new chief regulatory services officer for the NCCI. Donegan assumed the position on Sept. 19, and succeeds Helen Westervelt, who announced her retirement in ...