Commercial Lines
BP Resolves Oil Spill-Related Claims With Hailiburton, Transocean
BP Plc has settled with oilfield services provider Halliburton Co and contract driller Transocean Ltd cross claims related to the 2010 Gulf of Mexico oil spill, the worst offshore disaster in U.S. ...
Swiss Re’s Emerging Risk Worries: Natural Catastrophes to the ‘Internet of Things’
Emerging risks with the highest potential impact in coming years may not be what you think. A new Swiss Re report identified four that top the list: Large natural catastrophes, de-globalization and ...
Get Social, Look Forward to Innovate: Chubb Chief Innovation Officer Bidwell
Like any property/casualty insurer, Chubb Insurance faces the challenge to refresh its business with new ideas. But unlike a lot of its peers, the Warren, N.J.-based carrier has a chief innovation ...
Travelers: Cyber Threats, Medical Costs, Legal Issues Top Business Concerns
Cyber risks, medical cost inflation and legal liability are among the top concerns for American businesses of all sizes, according to results from the 2015 Travelers Business Risk Index. There is ...
Amtrak Already Faces Multiple Lawsuits in Philly Derailment
Six passengers on an Amtrak train that derailed May 12 in Philadelphia, killing eight and injuring more than 200, sued the railroad claiming the accident could have been avoided. The first of the ...
Zurich and Swiss Re Execs Sign Document Supporting ‘Balanced’ Regulation
Executives at Zurich Insurance Group, Swiss Re, and other financial institutions are formally backing regulations to limit financial risk that hit middle ground, striking a balance between financial ...
More Folks are Tweeting, Texting and Taking Pictures While Driving: AT&T Survey
We've all seen individuals texting while driving. But the different types of risks people take with their smartphones while on the road are more widespread than some people realize. A new AT&T ...
Fitch Ratings: Carriers Managing Cyber Exposures as They Get Up to Speed
While cyber threats are spurring more financial risk for property/casualty insurers, carriers have managed their exposures as they work to get up to speed with experience and expertise in ...