Commercial Lines
Drones Deployed to Find Cause of Alberta Wildfire
Fire-ravaged Alberta will use drones to investigate the cause of a huge blaze that has scorched the Canadian province and displaced some 88,000 people. Elevated Robotic Services, which has also ...
Report: AIG Eying $4B Valuation for Mortgage Unit IPO
American International Group Inc.'s mortgage insurer, United Guaranty Corp., is seeking to raise about $700 million to $800 million as it sells shares to the public, according to people familiar with ...
Anbang Insurance Reportedly Drawing Scrutiny from Chinese Regulators
China's insurance regulator is planning to send inspectors to Anbang Insurance Group Co., a person with knowledge of the matter said, after the watchdog stepped up scrutiny of insurers' investments ...
Executives On The Move at XL Catlin, Starr Companies and More
XL Catlin hired on an ex-RSA executive to run a major division. A former AIG executive will be joining Starr Companies as a regional vice president in Texas. Marketform is adding a veteran JLT Group ...
Alberta Wildfire Could Cost Insurers Close to $7 Billion
A wildfire in the Alberta city of Fort McMurray could cost insurers as much as C$9 billion (U.S. $7 billion) making it by far the costliest ever Canadian natural disaster, according to research by ...
Russian Criminals May be Selling Hundreds of Millions of Hacked Email Accounts
Hundreds of millions of hacked usernames and passwords for email accounts and other websites are being traded in Russia's criminal underworld, a security expert told Reuters. The discovery of 272.3 ...
Allstate’s Q1 Net Income Plunged, with Hailstorms to Blame
The 2016 first quarter (and two severe hailstorms) left its mark on the Allstate Corp., with net income during the period plunging more than 65 percent. Echoing trends from other property/casualty ...
Chubb CEO Greenberg Rolls Out Welcome Mat for High Net Worth Competitors
Estimating that the high-net-worth (HNW) personal lines market has more than $30 billion worth of business up for grabs, and the small commercial lines market, another $80 billion, Chubb Limited CEO ...