Commercial Lines
More Job Cuts Coming to RSA as Uncertainty Over Outlook Spooks Investors
RSA Insurance Group Plc's Stephen Hester delivered a full-year profit, restored dividends and stepped up cost cuts that will result in more job losses. The shares still tumbled more than 5 percent in ...
Berkley Scolds Insurers For Being ‘Cheap’ As Google Nips At Their Heels
With Google apparently getting into the auto insurance business, W.R. Berkley Corp's legendary CEO is taking the insurance industry to task for being "cheap" and slow to anticipate change. "We are a ...
Allstate Is The Latest P/C Insurer to Pursue Texas Expansion
Allstate Insurance Company said it wants to bring close to 300 additional jobs to Texas focused on both agency ownership and sales. The U.S.'s largest publicly held personal lines insurer explained ...
FBI Closes In on Anthem Data Hackers
The FBI said it's close to finding the hackers responsible for the attack on health-insurance company Anthem Inc. that exposed personal data on about 80 million customers. Federal Bureau of ...
S&P Optimistic About Platinum as RenRe’s $1.9B Acquisition Nears
Platinum Underwritings Holdings is the beneficiary of a continued positive ratings outlook from Standard & Poor's with a possible future two-notch upgrade after it combines with RenaissanceRe. ...
BP Wants Appeals Court To Slash Size of 2010 Gulf of Mexico Spill
BP Plc asked a federal appeals court in New Orleans to review a trial judge's ruling that 3.19 million barrels of oil gushed into the Gulf of Mexico from the company's blown-out well in 2010. The ...
QBE’s North American Business Improves; Group Profitable Overall
QBE Insurance Group Ltd., Australia's second-largest insurer by market value, climbed the most in four years in Sydney stock trading as an improving North American business and lower provisions ...
Australia’s Coal Miners and Farmers Avoid Brunt of Powerful Cyclone
Commodities producers were spared the full wrath of a powerful cyclone that smashed into the east cost of Australia packing winds up to 285 kph (175 mph), but thousands of coastal residents on Monday ...