Markets
EPA May be Liable for Losses After Toxic Mine Sludge Release Pollutes River
The Environmental Protection Agency and its contractors may have to pay millions of dollars in damages after mistakingly releasing toxic sludge that tainted a Colorado river, preventing its use by ...
ACE Rolls Out Streamlined Coverage For Companies in the U.K. and Ireland
ACE Group is now selling a comprehensive single property and liability package insurance policy for companies doing business in the U.K. and Ireland. The insurer also promises the product will be ...
S&P: Berkshire Hathaway Risks Ratings Cut Over $37.2B Acquisition
News this week that Berkshire Hathaway Inc. plans to spend $37.2 billion to acquire Precision Castparts Inc. is troubling Standard & Poor's. The ratings stalwart placed the company and its ...
XL Group Acquires Insurer of Amusement Parks, Fairs and Festivals
XL Group Plc will buy up Allied International Holdings, a U.S.-based outdoor entertainment specialty insurer focused on liability coverage for clients who run amusement parks, fireworks, fairs and ...
Allianz, AIG, Others Shun Tax-Liability Coverage in India Cross-Border M&A
Prime Minister Narendra Modi needs to offer much more than just his best intentions to clean up India's whimsical tax regime to help convince insurers. Companies from Allianz SE to American ...
American Family Insurance Plans to Launch Commercial Drone Pilot Tests
Wisconsin's American Family Insurance plans to test the use of commercial drones this fall as a way to quicken its response to catastrophes. American Family's move into the drone space comes not long ...
Google Changes Corporate Structure to Separate R&D Divisions From the Rest
Google Inc. is changing its corporate structure to separate its search, YouTube and other Web companies from its research and investment divisions. The shares rose as much as 5.8 percent in extended ...
Small Businesses Want Their Insurance Agents AND the Internet: PIA Research
Commercial lines customers – particularly small business owners – still prefer working with independent insurance agents in the Internet age, new industry research has found. At the same time, ...