Commercial Lines
PIMCO’s Gross Exit, Fireman’s Fund Struggles Challenge Allianz Leaders
German insurer Allianz suffered a humiliating blow on Friday with the resignation of renowned investor Bill Gross as leader of PIMCO, the asset manager Allianz relies on for one fourth of its ...
Swiss Re’s Donnell: TRIA Needed in an Uncertain World
In business and life, it's important to know one's strengths and weaknesses. While the insurance industry is adept at modeling windstorms, anticipating emerging liability risks and ensuring orderly ...
Chubb Eyes Biorenewable and Industrial Biotech Opportunities
The Chubb Group of Insurance Companies is rolling out new insurance products and risk-management programs for both biorenewable and industrial biotechnology outfits. New Jersey-based Chub defines ...
Nearly 2,000 U.S. Flights Disrupted by Disgruntled Worker Setting a Fire
A fire that police said was started by a contractor at a Chicago area air-traffic center grounded about 1,800 flights across the U.S., disrupting major routes run by Southwest Airlines Co., American ...
Six Movie and TV Companies Win Drone Use Approval
U.S. aviation regulators loosened restrictions on the commercial use of drones on Thursday, granting six television and movie production companies permission to use the small, remotely piloted ...
New ‘Shellshock’ Computer Bug Already Drawing Hacker Attention
Hackers have begun exploiting the newly identified "Shellshock" computer bug, using fast-moving worm viruses to scan for vulnerable systems and then infect them, researchers warned on Thursday. ...
P/C Mutuals Worry Over Technology, Regulation and Capital: Conning
Property/casualty mutual insurance companies, facing stiff competition from their stock insurer rivals, are wary about the onslaught of technology, regulation and new sources of capital, Conning, ...
NAMIC: TRIA Renewal Will Likely Come Down to the Wire
The Terrorism Risk Insurance act, or TRIA, expires on Dec. 31, 2014, unless Congress passes renewal legislation. At least one industry lobbyist predicts this will happen, but almost at the last ...