Commercial Lines
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 ...
BP Argues Missing Comma Entitles it to $750M in Coverage For Gulf Oil Spill
BP Plc, which has paid more than $28 billion for the 2010 Gulf of Mexico oil spill, asked a Texas court to let it tap into $750 million in Transocean Ltd.'s insurance policies on the doomed Deepwater ...
Progressive to Pursue Sizable Hiring Plans Through 2014
Progressive Corp., the fourth largest U.S. automobile insurer, wants the world to know that it is hiring nearly 1,000 people by the end of 2014. What's the plan? Progressive said it will do this by ...
Fighting Workers Compensation Fraud With New Strategies
Premium fraud and payroll misclassification have been big topics of discussion in workers compensation, especially after a recent report showed that New York City's construction industry cost the ...
U.S. Southwest Anticipates Flooding From Hurricane Odile
A week ago, Hurricane Norbert pumped tropical moisture across the U.S. Southwest, touching off record rainfall in Phoenix and Tucson that killed at least two people, flooded hundreds of homes and ...
XL Group, Munich Re and New Energy Risk Team Up to Insure Fuel Cell Portfolio
XL Group's Complex Accounts unit has teamed with Munich Re's Green Tech Solutions and consultants New Energy Risk (NER) to deliver an innovative performance insurance policy for a portfolio of fuel ...
Moody’s at Monte Carlo: Reinsurers Pushing into Primary Insurance
Reinsurers are seeking to push into the primary insurance market ranging from life to property coverage to shore up growth, said Moody's Investors Service. "We expect more mergers and acquisitions," ...