Commercial Lines
Wal-Mart Sued, Accused of Selling ‘Pure’ Parmesan Cheese with Wood Pulp Filler
Wal-Mart Stores Inc. was accused in a lawsuit of defrauding customers by selling Parmesan cheese touted as pure that contained wood pulp as filler. The world's largest retailer stocked its New York ...
Departing AIG Dealmaker Schreiber Was Equal Parts Volatile and Invaluable
In January, Brian Schreiber was working nearly around the clock preparing an investor presentation on American International Group Inc.'s new direction, called Simplifying AIG. On Feb. 15, Schreiber ...
Why Google’s Online Insurance Experiment Failed: The Insurance Industry Sounds Off
The insurance industry had a lot to say about what Google did wrong a day after the search engine giant said it would be pulling the plug on its year-long Google Compare experiment selling auto ...
Executives On The Move at XL Catlin, USAA and QBE
A major executive is retiring at USAA, and the search is on for his replacement. QBE is reorganizing and hired from within to fill a newly created executive position. XL Catlin is beefing up its ...
J&J Must Pay $72M for Cancer Death Linked to Talcum Powder
Johnson & Johnson was ordered by a Missouri state jury to pay $72 million of damages to the family of a woman whose death from ovarian cancer was linked to her use of the company's talc-based ...
New Swiss Re CEO Mumenthaler to Replace the Retiring Liès
Swiss Re AG named Christian Mumenthaler, a 17-year veteran of the company who heads the main reinsurance unit, as chief executive officer from July 1. He will succeed the retiring Michel Liès. ...
Exclusive: Google Reportedly Will Shut Down Online Insurance Site
It appears Google Compare's grand experiment in online comparison shopping for auto insurance is dead – for now at least. Insurance Journal has learned that two of Google Compare's major partners ...
Hiscox Unveils Cloud-Based E-Trading System in U.K.
After a successful pilot, Hiscox has launched Hiscox Trader, a new cloud-based e-trading system for U.K. commercial insurance brokers. The new technology, developed with insurance technology ...