Commercial Lines
Executives On The Move at Lemonade, Neon and Lockton
P2P Startup Lemonade snagged a former Liberty Mutual Executive as its new chief underwriting officer. Neon promoted an executive to a newly-created leadership position. Lockton appointed several ...
Florida Hurricane Risk Forces Big Cat Bond Plunge
Bonds tied to weather risks tumbled the most in four years as Hurricane Matthew lashed Florida. The Swiss Re Cat Bond Price Return Index dropped 1.7 percent last week, the steepest decline since ...
Allianz, Toyota, BMW Seal Data-Sharing Deal With Autonomous-Tech Firm
Global automakers Toyota, BMW and insurer Allianz will license technology from Silicon Valley start-up Nauto, which uses cameras and artificial intelligence systems in cars to understand driver ...
Apple/Samsung Patent Infringement Fight Reaches U.S. Supreme Court
The end of the smartphone wars is almost here. Six years after Apple Inc. filed its first lawsuit alleging unauthorized copying of the iPhone, the company will square off at the U.S. Supreme Court ...
Hurricane Matthew Moves Out to Sea; Flooding Continues, Death Toll Climbs
Residents of the southeastern United States ravaged by Hurricane Matthew turned their focus on Monday toward recovery and clean-up, but officials in several states warned that deadly flooding could ...
Hurricane Will Lead to $4B-$6B in Insured Property Losses; Reinsurers Remain Resilient
Hurricane Matthew may have diminished in intensity over the weekend, but wind and flood damage was substantial. Early analysis suggests the storm caused between $4 billion and $6 billion in insured ...
Hurricane Matthew Kills at Least 7 in NC; Power Outages, Flooding in 3 States
More than 1.5 million people are still without power as Matthew on Sunday brought Hurricane-force wind gusts and flooding to the outer banks of North Carolina, where the storm left at least seven ...
A Diminished Hurricane Matthew Lands in South Carolina; 1.5 Million Lose Power
More than 1.5 million people were without power and hundreds of flights were grounded as Hurricane Matthew came ashore Saturday in South Carolina, rapidly losing strength along the way. Matthew ...