Commercial Lines
Over 80% of Homes Damaged in Louisiana Storms Lack Flood Insurance: Impact Forecasting
Extreme August flooding in Louisiana and the Midwest took its toll in August, causing between $10 billion and $15 billion in economic losses, according to Aon Benfield's Impact Forecasting. Public ...
46M People Could Benefit From $19B UK Suit Alleging Excessive Mastercard Fees
Some 46 million people in Britain could potentially benefit from a legal case brought against Mastercard demanding 14 billion pounds ($19 billion) in damages for allegedly charging excessive fees, ...
Longtime VW Engineer Pleads Guilty to Charge in U.S. Emissions Probe
A veteran Volkswagen AG engineer pleaded guilty to conspiring to defraud U.S. regulators and customers, the first criminal charge in the Justice Department's year-long investigation into the ...
Ex-AIG Chairman Greenberg Seeks Vindication in 11-Year Lawsuit Battle
Even at 91, former American International Group Inc. Chairman Maurice "Hank" Greenberg isn't ready to quit fighting. Greenberg scrapped with regulators and the Internal Revenue Service and beat the ...
Supply Chain Disruptions
Certain natural catastrophes, such as the 2010 floods in Thailand and the 2011 Tohoku and 2016 Kumamoto earthquakes in Japan, have served as stark reminders that loss of life, property damage and ...
Reinsurance Broker BMS Re Acquires Advocate Reinsurance Partners
BMS Re US, a specialist insurance and reinsurance broker, has acquired a reinsurance intermediary that complements its own operations. The company, which is the broking arm of Minova Insurance, ...
Drone Racing Broadcast on TV Could be Europe’s Next Big Thing
Europe's leading pay-TV group Sky, known for splashing out billions of pounds on coverage of glamorous sports to keep an edge over its rivals, said on Wednesday it had identified the next big thing: ...
Generali and Progressive Will Jointly Pursue Telematics Research
Europe's The Generali Group and Progressive Group of Insurance Companies of the U.S., both among the leaders in car insurance telematics, said they have entered into an research and development ...