Commercial Lines
China Tianjin Port Blast Forces the World’s Automakers to Divert Shipments
Toyota Motor Corp and rival global automakers are looking to divert shipments to Shanghai and other ports from Tianjin after massive explosions last week disrupted operations indefinitely at China's ...
S&P: Cat Bond Market Set for More Double-Digit Growth
The catastrophe bond market will continue to grow by 10 to 20 percent per year, driven in part by the increase in covered perils and the broadening of event definitions, according to a report ...
P/C Insurers Vary Widely in Catastrophe Claims Staff Compensation
Property/casualty insurers vary widely in their approach to compensating claims staff and managers as they respond to catastrophes, according to a new study from Verisk Analytics' Property Claims ...
Target Achieves Settlement With Visa Over 2013 Data Breach
Target Corp said it has reached an agreement with Visa Inc card issuers to reimburse up to $67 million in costs related to a data breach at the retailer in 2013, according to a source familiar with ...
Willis Plans Support for Inclusion@Lloyd’s Diversity Festival
Willis Group Holdings has announced its support for a new London market collaboration to host a diversity and inclusion festival. The Inclusion@Lloyd's "Dive In" festival is a joint initiative ...
Fitch: China Insurers Will Face Bulk of Insured Losses From Explosion
China's homegrown insurers will likely face the bulk of the financial losses from massive explosions at a chemical storage site in Tianjin earlier this month. What's more, the claims could hurt, ...
U.S. Crop-Insurance Claims Soar After Adverse Weather Curtails Planting
Insurance claims filed by U.S. farmers for crops they couldn't plant have jumped 48 percent this year, government data show, the latest indication of how adverse weather is curbing production of corn ...
Novarica: ‘Agile’ Methodology Is Transforming Insurance Industry IT Development
In the last seven years, the use of agile methodology across the insurance industry has gone from zero to 90 percent. The agile model, a newer software development approach, involves more ...