Commercial Lines
U.S. P/C Industry Saw First H1 Net Underwriting Loss in Over 3 Years
Bad weather and auto insurance struggles took their toll on U.S. property/casualty insurers through the 2016 first half, leaving the industry with its first H1 net underwriting loss in more than ...
Allianz Joins IFC Global Infrastructure Program With $500M Investment
World Bank Group member IFC is launching a program designed to raise $5 billion for infrastructure development in emerging markets. Allianz is among the global investors. IFC, a global development ...
J&J Warns Patents Their Insulin Pumps Carry Cyber Hacking Risks
Johnson & Johnson is telling patients that it has learned of a security vulnerability in one of its insulin pumps that a hacker could exploit to overdose diabetic patients with insulin, though it ...
Wells Fargo Scandal May Reach to Thousands of Small Business Owners
The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a U.S. lawmaker, raising questions about the scope of the bank's issues ...
A ‘Hard Brexit’ Could Cost British Finance Firms $48.3B in Revenue
Britain's financial industry could lose up to 38 billion pounds ($48.34 billion) in revenue in a so-called 'hard Brexit' that would leave it with restricted access to the European Union's single ...
Online CyberPolicy Sales a Reality; CoverHound’s Site Is Live for Small Biz
Two weeks after unveiling business insurance offerings like workers compensation and general liability for small businesses on its online platform, CoverHound is launching another ...
SOMPO to Grab Endurance for $6.3 Billion in International Expansion Move
SOMPO Holdings Inc. agreed to buy Bermuda-based insurer Endurance Specialty Holdings Ltd. for about $6.3 billion, the company's biggest acquisition as it expands further outside of Japan. The ...
Cyber Risk and the Threat of the Unknown
As new technology is developed and digital applications are rapidly becoming more prevalent, cybersecurity continues to be an evolving risk and a potential loss area for insurance companies. The ...