Commercial Lines
Driverless Car Tests Marred by Accidents in California
Four of the nearly 50 self-driving cars now rolling around the state of California have gotten into accidents since September, when the state began issuing permits for companies to test them on ...
Asia Anticipates Crop Damage as El Nino Emerges
In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia. Food prices surged. A closely watched forecast by Japan on ...
EXOR, Playing M&A Hardball, Buys Stake in PartnerRe and Raises Bid
EXOR SpA upped the ante in the takeover battle for PartnerRe Ltd., raising its bid by 5.8 percent in a final push to beat out rival AXIS Capital Holdings Ltd. for control of the reinsurer. EXOR, the ...
Jury Favors Deloitte in Trial Alleging Faulty Audit Before Insurance Company Collapse
The question loomed for years: Was Deloitte & Touche LLP liable for allegedly faulty audits of Florida's Poe Financial Group, whose three property insurance subsidiaries went insolvent after a ...
Moody’s Says Fosun Deal for Ironshore is Credit Negative
Fosun's plan to buy specialty insurer Ironshore is credit negative for both companies, analysts for Moody's Investors Services said on Monday. In an article published in Moody's Credit Outlook ...
Insurers See Impact from Wearables Within Two Years: Accenture Survey
Nearly two-thirds of insurers expect wearable technologies to have a significant impact on the industry, according to a survey in Accenture's annual Technology Vision report. The survey of more than ...
BP Can Now Appeal Certain Gulf Spill Damages Claims
A U.S. federal appeals court said on Friday BP Plc deserves the right to appellate review of some damage claims awarded to people and businesses in connection with the 2010 Gulf of Mexico oil spill. ...
Insurers Boost Lobbying Efforts to Shape National Capital Rules
Insurance firms, already among Washington's biggest donors, are securing powerful allies in Congress as the Federal Reserve draws up nationwide capital rules for the $1 trillion industry after years ...