Commercial Lines
World Cup Insurers Vulnerable to Claims Over Russia, Qatar Flap
World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said. Russia and Qatar ...
Marsh: Political Risk Insurance Grows in Capacity and Demand
Capacity for political risk insurance now surpasses $2 billion for a single policy, nearly double the number just six year ago, Marsh said in a new report. What's more, it is a buyer's market for the ...
Ex-AIG CEO Greenberg Won One Lawsuit But Still Faces Another
A decade-old lawsuit in which New York accused former American International Group Inc Chief Executive Maurice "Hank" Greenberg of accounting fraud will head to the state's highest court for a second ...
Fitch: Berkshire Hathaway’s Commercial Insurance Success Threatens Smaller Rivals
Berkshire Hathaway's expansion into the U.S. commercial lines market in recent years has been immensely successful for the company, giving it the ability to crowd out smaller rivals, Fitch Ratings ...
Willis Beefs Up Cyber Risk Practice With Marsh, Wells Fargo and ACE USA Hires
Willis is bringing on executives from Marsh, Wells Fargo Insurance Services and ACE USA to help beef up its cyber risk management consulting business. Specifically, the new hires will become part of ...
Most Insurers Unprepared For Driverless Vehicles: KPMG Survey
A sizable majority of insurers aren't ready for the arrival of autonomous vehicles, even as their development and testing accelerates, KPMG determined in a new survey. The audit, tax and advisory ...
Malaysia’s Islamic Insurers Hope to Double Younger Audience by Going Digital
Malaysia's Islamic insurers are seeking to double policy holders in five years by investing more in digital technologies to attract a younger audience, according to the industry association's head. ...