Commercial Lines
Widows Claim Railroad Knew of Track Tech Defect Before Texas Parade Crash
Intensive care nurse Angie Boivin had just tended to a woman whose leg was severed near the hip when she saw her husband Larry lying nearby under an American flag blanket. She says that she was with ...
Anadarko Petroleum Must Pay Nearly $160M for 2010 Gulf Spill, Below U.S. Wishes
Anadarko Petroleum Corp. was ordered to pay almost $160 million for its role as part-owner of the doomed Gulf of Mexico well that in 2010 caused the biggest offshore oil spill in U.S. history. The ...
Rudder System Failure Behind AirAsia 8501 Crash
AirAsia Flight 8501's pilots effectively wrestled each other at the controls as they sought to fight off an electronics-system failure, dooming the plane and the lives of all 162 people on board last ...
Allianz Among Few Cos. Linking CEO Pay to Carbon Cuts: Bloomberg Analysis
There's a provision in Jean-Pascal Tricoire's compensation deal that sets him apart from most chief executive officers: the more Schneider Electric SE cuts carbon emissions, the bigger his paycheck. ...
A Little Surety History: Zurich NA Marks 125th Anniversary
Maryland Gov. Larry Hogan honored Zurich North America last month by presenting a proclamation to commemorate the 125th Anniversary of Zurich Surety. Al Redmer, Jr., the insurance commissioner of ...
Zurich Exiting P/C Business in Middle East
Zurich Insurance Group Plc said it will stop writing general insurance business in the Middle East at the end of month because of the "limited potential" for profitable growth. The decision to exit ...
Pre-Climate Conference Report: Rate of Weather Disasters Doubled in 20 Years
Weather-related disasters such as floods and heatwaves have occurred almost daily in the past decade, almost twice as often as two decades ago, with Asia being the hardest hit region, a U.N. report ...
10 Straight Qtrs. of Commercial Rate Drops; Cyber Only Up Line: Marsh
Cyber insurance stood out in the third quarter as the only line for which insurers saw consistent and large rate increases, which averaged more than 15 percent in the United States, according to the ...