Commercial Lines
Nightclub Insurer Owner in Maryland Charged in $100M Policyholder Fraud
The owner of a Maryland-based insurer faces fraud charges for inflating the ratings of his company to win business, according to an indictment which seeks to recover more than $100 million in ...
Hurricane Polo Could Worsen Before Weakening
Hurricane Polo may strengthen a little more before it begins to weaken this weekend as it moves parallel to Mexico's Pacific coast, the U.S. National Hurricane Center said. Polo has top sustained ...
More Self-Driving Car Tests to Hit California Roads
Mercedes-Benz has followed Volkswagen AG's Audi unit in getting a license to test self- driving vehicles on California roads as the luxury-car makers vie for a market predicted to grow to $87 billion ...
Eight Years and Counting; Reserve Releases Continue, Fitch Says
Property/casualty industry prior-year loss reserves developed favorably for eight straight calendar years as of year-end 2013, according to a new report from Fitch Ratings, which also says the ...
Fireman’s Fund, Minus Commercial, to Zero in on Personal Lines
While Allianz is bringing Fireman's Fund Insurance Company's commercial lines business into its own operations, the short-term plan with its personal lines arm appears to be a focus on maintaining ...
Allianz Will Absorb Fireman’s Fund’s Commercial Lines Business
German insurance giant Allianz said it will absorb Fireman's Fund Insurance Company's commercial lines business into one of its own eponymously-named divisions. Meanwhile, after days of declining to ...
Senate: U.S. Military Contractors Struck by Chinese Hackers
Chinese-backed hackers infiltrated the computer networks of airline, shipping and information technology companies responsible for transporting personnel and weapons for the U.S. military, a Senate ...
Big Data Increasingly Helps Insurers Spot Risks
Insurance companies are increasingly turning to "big data" from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles. Insurers and ...