Commercial Lines
VW, U.S. Dealerships Propose $1.2B Emissions-Cheating Accord
Volkswagen AG is asking a judge to approve its $1.2 billion agreement with its U.S. dealerships for losses caused by its emissions-cheating scandal. The proposed settlement increases the amount VW ...
AIG Hires Another Veteran JPMorgan Chase IT Exec for Major Role
AIG is hiring another JP Morgan Chase & Co. information technology executive in a major leadership role. Hugh Tamassia is set to become AIG's new chief enterprise architect, effective Oct. 3. AIG ...
Obesity Linked to Higher Workers Compensation Costs in New Study
Obese and overweight workers are more likely to incur high costs related to workers compensation claims for major injuries, reports a study in the September Journal of Occupational and Environmental ...
Jury Orders Costco to Pay $5.5M for Selling Fake Tiffany Rings
Costco Wholesale Corp should hand over $5.5 million to compensate Tiffany & Co for selling counterfeit Tiffany diamond engagement rings, a federal jury said on Thursday. Tiffany is also entitled ...
The Hanover Expands Coverage for Small Business Owners
The Hanover Insurance Group Inc. has significantly enhanced its business owner's policy (BOP) base form and product offerings, adding coverages and endorsements, introducing equipment breakdown ...
CNO Financial Severs Beechwood Re Ties, Files Suit Over Hedge Fund Exposure
CNO Financial Group Inc. on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by ...
Cyber Firm Asserts Yahoo Hack Was Work of Eastern European Criminal Gang
A cyber security company on Wednesday asserted that the hack of 500 million account credentials from Yahoo was the work of an Eastern European criminal gang, adding another layer of intrigue to a ...
The Latest Launches From Aon and Liberty Mutual
Aon developed a new cyber risk policy, designed, in part, to address "Internet of Things" risks. Liberty Mutual has two new excess casualty coverage products. *** Aon Risk Solutions says it has ...