Commercial Lines
In Today’s Market, Specialty Insurers Rule: Conning
Specialty property/casualty insurers are now a dominant force in the market and generate more than half of the industry's premiums, Conning Inc. asserts in a new report. Two-thirds of individual ...
MetLife Rolls Out First Commercial Auto Insurance Policy
MetLife Auto & Home has introduced its first commercial automobile policy. The product is now available in Illinois, Indiana and Ohio, with more states planned in the near future. The commercial ...
Liberty Mutual Ended 2015 Bruised by Catastrophe Losses
Liberty Mutual Insurance ended 2015 in the black, but higher losses from catastrophes and other hits hurt its performance during the year. Parent Liberty Mutual Holding Co. booked $411 million in net ...
VW Claims CEO Didn’t Initially Notice 2014 Diesel Emissions Warning Memo
Volkswagen's former chief executive officer was alerted to problems with U.S. diesel emissions tests in 2014, but the issue "did not initially receive particular attention at the management levels," ...
Buffett Protégé Slashes Jobs to Help Berkshire Units Rebound
Tracy Britt Cool earned Warren Buffett's trust overseeing a constellation of smaller units at his conglomerate, Berkshire Hathaway Inc. The billionaire's annual report gives a glimpse into one thing ...
Board Tech Inexperience Hampers Insurer IT Embrace: Novarica
Insurers speak loudly these days about embracing information technology as a tool to help grow their businesses. It turns out, however, that there is a disconnect: Their boards of directors are often ...
BHSI Launches Professional First Asset Management Liability Policy in Asia
Berkshire Hathaway Specialty Insurance has launched the newest addition to its Professional First suite of professional liability products: Asset Management Liability Insurance, which provides ...
The Latest Launches From Ironshore and Valen Analytics
Ironshore Inc. is targeting the transportation sector with a new series of coverage endorsements. Valen Analytics launched a new risk score for commercial auto insurance. *** Ironshore Inc. said its ...