Commercial Lines
Holiday Theft Trends; Driver, Hauler Tips For Protecting Precious Cargo
Networking equipment, tequila and footwear were high on the list of thieves intercepting cargo shipments during the 2020 holiday season, Verisk's CargoNet reported yesterday. CargoNet also offered ...
Social Media a Key Driver of Political Risk in Emerging Markets: WTW
New technology such as social media has become a key driver of political risk in emerging markets, according to Willis Towers Watson's Political Risk Index Winter Update. The report notes that ...
U.S. Tornadoes Have Pushed Insurers’ Weather Claims Above $105B for 2021
Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry's 2021 bill for weather-related claims well above the predicted $105 billion, industry ...
Record Rainfall, Floods Across Globe Generated Billions in Economic Damages in November: Aon
November was a wet month in many countries across the globe, with heavy rains and flooding causing billions of dollars of economic losses, according to Aon's monthly Global Catastrophe Recap report, ...
Chubb Beefs Up North America Commercial P/C Leadership With Two New Appointments
Chubb made two new appointments designed to bolster the leadership of its North America commercial property and casualty businesses. Seth Gillston, Chubb's current Private Equity and Real Estate ...
Canada’s Co-operators General, Sovereign General Earn AM Best Ratings Upgrades
Ratings agency AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to "a" (Excellent) from "a-" (Excellent) of Co-operators ...
Judge Overturns $4.5B Settlement Protecting Sackler Family From Opioid Lawsuits
A federal judge overturned a roughly $4.5 billion settlement that legally shielded members of the Sackler family who stand accused of helping fuel the U.S. opioid epidemic, a decision that threatened ...
Zurich Will Acquire AlphaChat, an Estonia-Based Conversational AI Company
Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the ...