Commercial Lines
Early June’s Bad Weather Poor Predictor For Atlantic Hurricane Season
A week into June and two tropical storms have drenched the U.S. South. Perhaps it would be a good time to stock up on duct tape, plywood and sandbags. Unfortunately, using the first few weeks to ...
Zurich Org Change Not Radical, CEO Greco Says; Financial Targets to Come
Structural changes revealed at Zurich Insurance Group late last week are nothing radical, according to the CEO, who says the simple intent is to organize the company "around the customer" and ease ...
Lunch With Warren Buffett Will Cost an Anonymous Bidder $3.46M
An anonymous bidder agreed at auction to pay $3,456,789 to eat lunch with Warren Buffett, tying the record for the right to dine with one of the world's most admired investors. Money will go to ...
Zurich Mulls Expanding Coverage to Help Protect Banks From Catastrophic Losses
Zurich Insurance Group AG, Switzerland's largest insurer, may increase its offering of insurance that helps protect banks from catastrophic losses like rogue trading by sharing risk with investors. ...
Smart Choices, Luck Help U.S. P/C Insurers Stay Stable: S&P
Good news alert: the U.S. property/casualty insurance sector "has been dealt a good hand" and remains stable due to smart choices and a little bit of luck, Standard & Poor's said in a new report. ...
Fla. Supreme Court Finds 104-Week Temporary Disability Benefits Cap Unconstitutional
The Florida Supreme Court has delivered another blow to Florida's workers compensation system with a ruling that the state's statutory 104-week cap on temporary disability benefits is ...
Lloyd’s Syndicates Soared With Low 2015 Catastrophe Losses: S&P
Benign catastrophe losses, combined with lower and less frequent casualty lines claims, helped Lloyd's syndicates deliver another strong set of results in 2015, reporting an average combined ratio of ...
Zurich CEO Mario Greco Simplifies Corporate Structure
Zurich Insurance AG's new chief executive officer, Mario Greco, is shaking up the largest Swiss insurer after an unexpected jump in claims last year forced it to abandon a takeover and prompted his ...