Commercial Lines
New York to Ban Fracking After Health Department Calls It Unsafe
The New York state Health Department said fracking for natural gas can't be done safely, dooming prospects that Governor Andrew Cuomo will end a six-year moratorium. Acting Health Commissioner Howard ...
With TRIA Renewal Efforts Killed, Some Predict Market Chaos
Property/casualty insurance industry groups, business associations and observers alike were quick to condemn the death of TRIA renewal for 2014. Without federal terrorism reinsurance in place for ...
XL Group CEO Confirms M&A Talks with Rival Catlin
XL Group plc has confirmed that it is in preliminary discussions focused on potentially acquiring rival Catlin. If an M&A agreement comes together, it would be a major consolidation move in the ...
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 ...