Commercial Lines
Goldman Sachs Will Again Face Crisis-Era Securities Fraud Class Action Lawsuit
Goldman Sachs Group Inc must again face a class action by shareholders who said they lost $13 billion because the Wall Street bank hid conflicts of interest when creating risky subprime securities ...
The Self-Driving Vehicle Race Shifts to Trucks
We'd all be whizzing round in robotaxis by now if Elon Musk had been right. Instead, fully self-driving cars are struggling to get away from the starting grid and some investors are betting that ...
Multicover Is Coming, But Are North American Carriers Prepared to Deliver?
As we approach 2022, North American insurers face a daunting set of challenges. They're beset by well-backed, nimble upstarts like Lemonade, who are eager to grab an increasing share of business, ...
Argenta Syndicate Management Will Pull Back From Lloyd’s China Platform
Argenta Syndicate Management Ltd. (ASML), a subsidiary of Argenta Holdings Ltd., announced it will cease underwriting all new and renewal business relating to the Lloyd's China platform (LICCL) ...
Slow Moderation of U.S. Commercial Insurance Rate Hikes Continues in Q3: Willis Towers Watson
Certain U.S. commercial insurance segments saw robust price increases in the 2021 third quarter, but the sector overall continued to see a slowing and steady moderation in rate hikes, according to a ...
Zurich North America Hires Ex-Travelers Exec Lezaj to Lead New Complex Casualty Unit
A former Travelers executive is joining Zurich North America to oversee its newly-created Complex Casualty unit. Steve Lezaj will take on the job with the title of National Complex Casualty ...
Belgian Insurer Ageas Draws Renewed Acquisition Interest From Investor Group
BE Group, an investor group fronted by former financial services dealmakers, is exploring the feasibility of a fresh pursuit of Belgian insurer Ageas after a previous attempt was rebuffed, people ...
Florida Jury Awards $100 Million in Trial Involving Bitcoin Pioneers
Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict Monday against the family of a deceased business partner, which claimed it was owed ...