Commercial Lines
Uber Pulls Out of Kansas Due to Stricter Ridesharing Regulations
Ride-hailing service Uber on Tuesday said it ceased operations in Kansas after the state legislature decided to override Governor Sam Brownback's veto of a bill that will impose stricter regulations ...
Allianz Profit Soars Even as It Deals With PIMCO Setbacks
Allianz SE, Europe's biggest insurer, said first-quarter profit climbed 11 percent, even as investors withdrew funds from its asset manager Pacific Investment Management Co. The shares surged the ...
Employee Brain Activity Studied to ID Cybersecurity Threats
The old adage that a chain is only as strong as its weakest link certainly applies to the risk organizations face in defending against cybersecurity threats. Employees pose a danger that can be just ...
Allstate Reports a Double-Digit Rise in Profits and Falling Claims Costs
Allstate Corp., the largest U.S. publicly traded seller of auto and home insurance, said first-quarter profit rose 13 percent as margins improved at the property- liability business and catastrophe ...
CNA Targets Smaller Life Sciences Companies With New Coverage Option
CNA is debuting new coverage for the life sciences market – an admitted product liability policy offering targeted to smaller companies. The property/casualty insurer said that its Life Sciences ...
$1.8B Endurance/Montpelier Re Merger Up For July Shareholder Vote
Shareholders with both Endurance Specialty Holdings and Montpelier Re Holdings will likely vote on their planned $1.8 billion merger in early July, Endurance Chairman and CEO John Charman said during ...
U.S. P/C Insurance Industry Reached Record Surplus in 2014: A.M. Best
The U.S. property/casualty insurance industry posted its second consecutive year of profitable underwriting results in 2014, according to A.M. Best. Surplus for this sector increased by $21.9 billion ...
AIG Among Companies Pushing For Drone Concessions as FAA Mulls Restrictions
As U.S. regulators study how to govern commercial drones, corporate America is plunging ahead on using unmanned aircraft in a bid to speed the process and win concessions on proposed restrictions. ...