Commercial Lines
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 ...
Allianz Announces New Leadership for Fireman’s Fund, AGCS NA Combo
German insurance giant Allianz announced a new team that will lead the combined Fireman's Fund and Allianz Global Corporate & Specialty North American business beginning in 2015. Andrew Torrance, ...
‘Bot’ Fraud Costing Digital Advertisers $6B: Research Report
Almost one-fourth of video ads and 11 percent of display ads are viewed by fake consumers created by cyber crime networks seeking to take a chunk of the billions of dollars spent on digital ...
Allianz: New Materials, Lawsuits Driving Up Aviation Claims Costs
Even as aviation becomes safer overall, everything from new materials in plain design to more lawsuits is driving up the cost of claims, Allianz concluded in a new study. Details can be found in the ...
Insurers Win House Passage of Dodd-Frank Capital Standards Revision
The U.S. House of Representatives approved a bill that would ease capital and liquidity standards for insurers under the Dodd-Frank Act. A major insurance lobbying group, meanwhile, heralded the vote ...
Financial Institution Cyber Defenses Attract U.S. Regulatory Scrutiny
U.S. regulators on Wednesday said they were stepping up efforts to examine financial institutions' defenses to ward off cyber attacks, as a top FBI official warned of new "increasingly complex" ...
Commercial Insureds More Satisfied with Brokers than Insurers
Although ACE, FM Global and The Hartford got high marks from risk managers of businesses buying commercial insurance coverage, collectively insurance brokers ranked higher than carriers in a buyers' ...
TRIA Reauthorization Passes House With Higher Government Involvement Threshold
The U.S. House voted Dec. 10 to extend by six years a federal backstop for insurers offering coverage against terrorism, advancing efforts to retain a program created in response to the attacks of ...