Commercial Lines
Low Catastrophes, High Reserve Releases Mask Reinsurance Industry Weakness
Weak business conditions in the reinsurance industry are being masked by a low level of catastrophes and a high level of reserve releases, said Standard & Poor's Ratings Services and Fitch ...
VW Faces April 21 U.S. Deadline for Diesel Cheat Fix
Volkswagen AG hasn't finished a plan for getting 600,000 diesel vehicles off U.S. roads as it faces hundreds of lawsuits for rigging pollution control systems to cheat emissions tests. U.S. District ...
Whistleblower Sues Abbott for $1 Billion in Trial Over Stent Marketing
Abbott Laboratories is accused in a trial that started Tuesday of marketing unapproved stents for unsuspecting patients and cheating Medicare, as a whistleblower seeks more than $1 billion, a risk ...
Plunging Oil Prices Proportionate to Higher Commercial Losses: Marsh
Plunging crude oil prices in recent months may be great news for consumers, but the trend could lead to increased losses for commercial insurers as their clients scramble to cut costs, Marsh asserted ...
Chubb Launches Service to Help Combat Ransomware Attacks
Chubb on Tuesday announced the launch of a service to assist policyholders following ransomware attacks, the first new offering from its Global Cyber Risk Practice since Chubb was acquired by ACE in ...
Executives On The Move at QBE, CNA, Chubb and Talbot Underwriting
Both QBE North America and CNA snagged ex-Chubb executives for key roles. Meanwhile, Chubb beefed up its transactional risk leadership team to help facilitate more M&A deals. Talbot Underwriting ...
Price Pressures, Lower Investment Income Slash Lloyd’s 2015 Profit by 30%
Lloyd's of London reported a 30 percent drop of full-year profit as the world's largest insurance market was hurt by continued pressure on pricing and the lowest investment returns since at least ...
Uber’s Anti-Cyber Crime Strategy: Pay Hackers to Find System Flaws
Uber, the high-flying transportation firm, is releasing a technical map of its computer and communications systems and inviting hackers to find weaknesses in exchange for cash bounties. While ...