Commercial Lines
TRIA Renewal Efforts Appear Dead for 2014
A U.S. program that backstops insurance companies' losses from acts of terrorism is set to end after the Senate didn't extend it. Efforts to reauthorize the Terrorism Risk Insurance Act for six years ...
Marsh’s Top 10 U.S. Casualty Trends for 2015
Marsh's U.S. Casualty Practice sees a number of new insurance trends shaping the market in 2015, including a softening market, new capacity, and the greater use of data to enhance underwriting. Marsh ...
Families of Sandy Hook Victims Sue Gunmaker, Seller
The families of nine of the 26 people killed and a teacher injured two years ago at the Sandy Hook Elementary School filed a lawsuit against the manufacturer, distributor and seller of the rifle used ...
Sony Pictures Enlists Employees to Screen for Stolen Data Use
Sony Pictures Entertainment advised its current and former employees to be on the alert for fraudsters looking to use their stolen data, which included detailed personal information. In what is ...
Lobbying Onslaught Counters TRIA Renewal Stumble
It is in the Senate's hands to extend the Terrorism Risk Insurance Act, or TRIA, a law that establishes federal reinsurance in case of a terrorist attack, but legislative disputes threaten to prevent ...
China Insurance Broker Expands Employee Share Issue
China-based insurance broker CNinsure Inc. said it is boosting a new share issue to employees. The independent insurance intermediary company said it is expanding the issue from up to 100 million to ...
Novarica: Large P/C Companies Widen Lead in Advanced Technology Race
Large property/casualty insurers are widening their lead over small- and medium-sized competitors in the race to add advanced technologies into daily work, Novarica concluded in a new report. ...
Virginia Becomes First State to Join Guardrail Maker Whistleblower Lawsuit
Virginia joined a whistleblower lawsuit against Trinity Industries Inc. over an allegedly defective guardrail system, becoming the first state to say it will seek to claw back money spent on the ...