Commercial Lines
Obama Pushes For Cybersecurity Legislation; Contractors to Gain Initially
Symantec Corp. and other cybersecurity companies stand to gain from President Barack Obama's push to increase computer network protection in the private sector and U.S. agencies. Obama called on ...
State Auto Discloses Strengthened Prior Year Loss Expense Reserves
State Auto Financial Corp., a super regional property/casualty insurance holding company, has disclosed two big financial developments: strengthened prior year loss expense reserves and an adverse ...
Karen Clark Rolls Out New U.S. High-Res Storm Surge Model
Karen Clark & Co. is rolling out a new U.S.-focused high-resolution storm surge model. The catastrophe risk company said the new model brings advances to the market including fully transparent ...
Suits Against Haliburton, KBR Concerning Overseas Conduct to Proceed
The U.S. Supreme Court on Tuesday allowed lawsuits to move forward against government contractors in Iraq and Afghanistan by declining to hear appeals filed by KBR Inc and Halliburton Co. The high ...
Willis Group Reorganizes and Promotes a Key Executive
Willis Group Holdings plc has officially reorganized from three operating segments into four, and promoted a key executive as part of the changes. The global insurance/reinsurance broker and risk ...
QBE Selling U.S. Agency Biz For $300M
QBE Insurance Group Ltd. announced Tuesday that it is selling its U.S. agency businesses to California-based Alliant Services Inc. for about $300 million and exiting the distribution business. The ...
Hamilton Insurance Brings in Torus Vet To Develop Lloyd’s Business
Hamilton Insurance Group is bringing in the former head of Torus Insurance Holdings Ltd.'s international operations to lead development of its Lloyd's business, which will also be renamed. Dermot ...
Risk Expert Admits That Preventing Stupid Customer Decisions Isn’t Easy
Property cat losses were relatively low in 2014. That likely won't continue in 2015, in part because of the "stupid" decisions customers unavoidably make, a risk management expert said recently. "You ...