Commercial Lines
U.K. Insurers Accused of Not Supervising External Salespeople
The Financial Conduct Authority will write to chief executives of U.K. insurers after it found "widespread" evidence that companies are failing to supervise external salespeople. More than half of ...
Best Revises Lloyd’s Outlook to Stable from Positive on Difficult Business Conditions
A.M. Best has revised the outlooks to stable from positive of Lloyd's and Lloyd's Insurance Co. (China) Ltd., while at the same time affirming their financial strength rating (FSR) of A (Excellent) ...
Counts Reduced Against Group Charged in BP Oil Spill Fraud Case
A Texas lawyer and six co-defendants are now facing a reduced indictment of 73 charges, instead of 95, at federal trial on accusations that they faked more than 40,000 damage claims after the BP oil ...
The U.S. Accounted for Nearly Half of H1’s Global Insured Losses
Preliminary global economic losses reached US$98 billion during the first half of 2016, while global insured losses hit US$30 billion – their highest levels since 2011, according to Impact ...
The Latest Launches From BHSI, CNA, Everest, and Philadelphia Insurance Companies
Berkshire Hathaway Specialty Insurance debuted cyber liability coverage in Australia. Philadelphia Insurance Companies and UCPM will start offering storage tank pollution liability coverage. Both CNA ...
The Hartford is Rare Insurer to Protect Investments From Climate Change Risks: Analysis
Insurers manage a large chunk of the world's investment capital, but they're not acting fast enough to protect their investments from the adverse effects of climate change, the Asset Owners ...
Travelers Hurt by Fire Catastrophe Fallout, Investment Income Plunge
Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, said quarterly profit slipped 18 percent to its lowest since 2012 as costs tied to natural disasters rose while ...
Tesla May Deflect Autopilot Liability Due to Huge Data Collection Effort
The large volume of data Tesla Motors Inc collects from its cars on the road has armed it with information to publicly counter, and possibly legally defend, claims about the safety of its Autopilot ...