Commercial Lines
State Auto Shareholders Officially Elect LaRocco as CEO
The shareholders of State Auto Financial Corporation elected Michael E. LaRocco as a director of the company at its 2015 annual shareholders meeting on Friday, also officially naming him as the next ...
U.S., New Orleans Property Owners Discuss Possible Katrina-Related Damages
Attorneys for the U.S. government and some New Orleans area property owners met behind closed doors with a judge Wednesday to discuss possible damages arising from a ruling last week that a federally ...
Willis Re: Reinsurance Capital Oversupply Makes a Bad Situation Worse
Willis Re offers yet another industry warning about the oversupply of global capital in reinsurance. The reinsurance division of Willis Group Holdings said that dedicated global reinsurance capital ...
Zurich Sees Q1 Profit Dip 4 Percent at General Insurance Unit
Zurich Insurance Group AG, Switzerland's biggest insurer, said first-quarter profit fell 4 percent on lower earnings from general insurance and higher tax payments. Net income declined to $1.22 ...
Escalating Cyber Attacks Inflict $6B Annual Cost on U.S. Health System
A rise in cyber attacks against doctors and hospitals is costing the U.S. health-care system $6 billion a year as organized criminals who once targeted retailers and financial firms increasingly go ...
Insurers to FAA: Include Us In Your Commercial Drone Initiative
The FAA's new partnership with industry to explore the use of commercial drones in newsgathering, agricultural and railroad industries is drawing a cautiously optimistic reaction from the P/C ...
BNSF Train Carrying Crude Oil Derails in North Dakota and Sparks Fire
A BNSF Railway train carrying crude oil derailed in North Dakota, setting several tank cars on fire and prompting the evacuation of nearby residents, U.S. and local authorities said. The Federal ...
FAA, Berkshire Hathaway to Partner on Commercial Drone Tests
The Federal Aviation Administration said it would work with two private U.S. companies to test commercial drones that can fly beyond an operator's line of sight, a precursor to sophisticated drone ...