Commercial Lines
Texas Pounded by Hurricane Patricia
A powerful storm system rumbled through Texas on Saturday, flooding roads and causing a freight train to derail as parts of the state braced for the remnants of Hurricane Patricia to arrive. Many ...
Why Hurricane Patricia Didn’t Cause More Damage in Mexico
(Carrier Management updates AP analysis with RMS and AIR Worldwide statements) Remarkably little damage was reported in the wake of Hurricane Patricia, which hit Mexico after peaking Friday as the ...
Mexico Escapes Major Damage from Hurricane Patricia
Only a day after menacing Mexico as one of history's strongest storms, Hurricane Patricia left apparently little damage Saturday as the once-fearsome system spun inland and quickly weakened to a ...
Hackers Targeting $330B Space Economy
Space, the "final frontier," is rapidly becoming an extra-terrestrial battleground for corporate espionage and other types of cyber attack as hackers seek to gain commercial advantage from rival ...
Tizzio, Ex-AIG CEO Greenberg’s ‘Right Hand,’ Has Died at 77
Thomas Tizzio, a retired vice chairman of American International Group Inc. who was once seen as a possible successor to its former chief executive officer, Maurice "Hank" Greenberg, has died. He was ...
ACE and Chubb Shareholders Approve $28B Merger by Wide Margin
Shareholders from ACE Ltd. and The Chubb Corp. voted to approve their respective companies' $28 billion merger on Oct. 22 by wide margins. More than 98 percent of ACE shareholders participating in ...
Lloyds, China’s Taiping Insurance to Team on Global Growth Plans
Lloyd's signed a memorandum of understanding with China Taiping Insurance Group intended to boost cooperation between "the world's only specialist insurance and reinsurance market and one of China's ...
ACE CEO Greenberg Predicts Years-Long Integration With Chubb
Ace Ltd. Chief Executive Officer Evan Greenberg said it would be a mistake to start celebrating his agreement to buy Chubb Corp. for more than $28 billion, because the real test will be to integrate ...