Commercial Lines
CEO Diekmann Likely to Stay at Allianz Helm
Allianz is set to extend the contract of its Chief Executive Michael Diekmann by two years as the German insurer seeks to soothe the turmoil over leadership change at its PIMCO subsidiary, a German ...
Death Toll in Japan Volcano Rises to 36
At least 36 people are believed to have died from this weekend's eruption at Mt. Ontake in central Japan, as dangerous gases emitting from the country's second-highest volcano hampered efforts to ...
Amtrak Seeking More than $500M From Insurers for Sandy Losses
Amtrak filed a lawsuit last week against more than a dozen insurers, claiming that the railroad operator is entitled to recoup additional proceeds for Superstorm Sandy losses from its insurers. ...
Death Toll Possibly Over 30 in Japan Volcano Eruption
More than 30 people may be dead in a volcanic eruption in central Japan, the nation's second natural disaster in the past month. Smoke and ash billowed from Mt. Ontake throughout the day yesterday as ...
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 ...