Commercial Lines
Execs to stay at Endurance After SOMPO Completes Acquisition, Pleasing S&P
Japan's SOMPO Holdings Inc.'s may be snatching up up Endurance Specialty Holdings Ltd. in a $6.3 billion deal, but executives plan to remain with the acquired company, and Standard & Poor's sees ...
Judge Rules Fiat Chrysler Must Face U.S. Safety Compliance Lawsuit
A U.S. judge on Wednesday said Fiat Chrysler Automobiles NV must face a lawsuit claiming it defrauded shareholders by overstating its ability to comply with vehicle safety laws. U.S. District Judge ...
AIG Sued for $100M in Bonuses by Former Derivatives Staff
American International Group Inc. was sued by former staff who say they were denied $100 million in bonuses amid public outrage over derivative trades that crippled the insurer and threatened the ...
Forecasters Saw Hurricane Matthew’s Damage Before It Happened
As Hurricane Matthew rolled toward Florida last week, the meteorologists at Verisk Analytics were tracking its every move. They weren't just plotting the usual meteorological stuff, though, and ...
Hurricane Matthew Reaches Florida; Millions in U.S. Southeast Told to Flee
Millions of people in the U.S. southeast were ordered to flee as Hurricane Matthew, set to become the strongest storm to hit the country since 2005, headed toward Florida's East Coast after leaving ...
The P/C Insurance Industry and Analysts Scramble for Hurricane Matthew
With news that Hurricane Matthew could hit Florida and nearby states by Friday as a Category 4 storm, the property/casualty insurance industry scrambled on Thursday to assess and prepare for the ...
September’s Tropical Storms Cost More Than $4B in Economic Losses: Aon Benfield
Tropical storms cost the global economy $4.2 billion in September, according to the latest Global Catastrophe Recap report from Aon Benfield's Impact Forecasting. Hurricane Hermine became the first ...
Markel, EMC Join Global Insurance Accelerator Program
Markel and EMC Insurance Companies have invested in the Global Insurance Accelerator, a business focused on developing innovative insurance-centric startups. Eight insurers are already participating ...