Commercial Lines
Wildfires Force Evacuations in West Coast States
Wildfires burning through dry terrain in West Coast states have forced scores of evacuations as fire teams worked to corral the blazes. Lightning sparked dozens of fires in Northern California, ...
Who Pays? UCLA Sorting Out Pipe Break Claims; Cities Vulnerable
Hundreds of cars submerged below murky water. A landmark basketball court, newly refurbished, showing signs of buckling. Soaked and stained carpets. An athletic track coated in mud. Damage costs had ...
Q2 Survey: P/C Commercial Rate Hikes Keep Slowing
In some sobering news for commercial property/casualty insurers, the 2014 second quarter brought slower rate increases and even some price dips. That's according to the latest quarterly survey of the ...
Investors Believe Allianz Will Keep Old Leadership
Allianz is poised to reappoint Michael Diekmann as chief executive in October, investors believe, possibly delaying tough choices on whether Europe's largest insurer expands its global presence or ...
Allstate Reduces Private Equity and Real Estate Stakes
Allstate Corp., the largest publicly traded U.S. auto and home insurer, sold about $300 million of private equity and real estate investments in the second quarter as values surged. "We thought the ...
The Hartford Discloses a Second-Quarter Slump
The Hartford Financial Services Group said Wednesday its 2014 second quarter net loss widened to $467 million, compared to a net loss of $190 million during last year's second quarter. The results ...
Hartford D&O Exec Fired After Herbalife Critique
Hartford Financial Services Group Inc. fired an executive after he made comments critical of Herbalife Ltd. to the media. William Kelly, who was a vice president at the Hartford, Conn.-based insurer, ...