Markets
GM Ignition-Switch Lawsuit Tossed by Texas Judge
A Texas judge has thrown out a lawsuit against General Motors from a woman who blamed a 2012 car crash on a faulty ignition switch that later prompted the company to recall 2.6 million vehicles. The ...
Liberty Mutual Turns to China for Latest Asia Joint Venture
Liberty Mutual Insurance, a longtime player in China, has formed a new joint venture there in a bid to become a major presence in a market dominated by local rivals. The Boston-based insurer said it ...
LA Commercial Buildings Likely More Resilient to Pending Flood Losses: AIR Worldwide
While it is early to determine insured and economic losses from massive flooding in Louisiana and Mississippi, an AIR Worldwide assessment of the damage offers some potential clues. The catastrophe ...
AIG Will Sell Mortgage Guaranty Unit to Arch Capital for $3.4B
American International Group Inc said on Monday it would sell its mortgage-guaranty unit to Arch Capital Group Ltd for about $3.4 billion. AIG, the largest commercial insurer in the United States and ...
As Active Shooter Incidents Increase, Industry Addresses Coverage Gray Area
There's a new insurance market emerging in light of a disturbing reality in today's world: active shooter risks. The new coverage is meant to address a gray area in insurance policies that may leave ...
P/C Ratings Upgrades, Positive Outlooks Outpaced Negative in H1: A.M. Best
Property/casualty insurers can take comfort in the fact that ratings upgrades and positive outlooks outpaced downgrades and negative outlooks through the first half of 2016, according to a new A.M. ...
Executives On The Move at AXIS, Great American and Lockton
AXIS Capital Holdings continued its global reinsurance expansion with a new Dubai-based executive appointment. A Great American Insurance executive got a promotion. Lockton Companies hired a new vice ...
Argo Division Grabs Renewal Rights to Allied World’s Asia Marine Hull Business
Argo Group member and Lloyd's insurer ArgoGlobal said it has acquired the renewal rights for Allied World's marine hull business in Asia. The transaction completed on August 5. "I am very pleased ...