Commercial Lines
Millions of North Carolina Chickens Killed in Hurricane Matthew Floods
Flooding from Hurricane Matthew has killed up to 5 million poultry birds in North Carolina, most of them chickens, the state's top environmental official said on Wednesday, hurting a major ...
Swiss Re, Brazilian Conglomerate to Launch Commercial Large-Risk Insurer
Swiss Re Group and a South American conglomerate are jointly launching a commercial large-risk insurer in Brazil, and the reinsurer plans to own a majority stake. The actual partnership, which goes ...
Wells Fargo CEO John Stumpf Quits in Fake Account Fallout
John Stumpf, who led Wells Fargo & Co. through the financial crisis and built it into the world's most valuable bank, stepped down as chief executive officer and chairman, bowing to public outcry ...
Hurricane Matthew Drownings and Flood Damage Rise in North Carolina
Rivers swollen by rainfall from Hurricane Matthew rose dangerously higher in North Carolina on Wednesday, prompting officials to go door to door urging residents to leave as a wide swath of the state ...
The Latest Launches From Ironshore, FM Global and Church Mutual/Hartford Steam Boiler
Ironshore Launched a policy that combines crucial coverages typically purchased separately for specialist engineers. FM Global added a new cyber-related loss endorsement to its cyber coverage. Church ...
NYC Coast Confronts Higher Hurricane Risk Due to Climate Change: Study
Hurricanes could start flooding New York City's coastline as often as every 20 years due to the effects of climate change on sea-level rise and hurricane activity, scientists said on Monday. Water ...
$7B in Insured Losses: Karen Clark & Co.’s Hurricane Matthew U.S. Tally
Hurricane Matthew path of damage through coastal Florida, Georgia, South Carolina, North Carolina and Virginia, likely led to nearly $7 billion in insured losses, according to Karen Clark & Co. ...
Samsung Risks $17B Hit After Pulling Galaxy 7 From Market a Second Time
Samsung Electronics' worst-ever recall could cost the company as much as $17 billion after it halted sales of its flagship Galaxy Note 7 for a second time, spelling an almost certain end for the ...