Markets
Marsh: P/C Carriers Keeping Up With Soaring Interest in Commercial Drones
Property/casualty insurers have responded positively to the soaring interest in and use of commercial drones, even as global regulators struggle to keep up with the nascent industry, Marsh asserted ...
Guy Carpenter: June 1 Re Renewal Price Decreases Lessened
After two years of reinsurance price decreases averaging 15 percent on U.S. property catastrophe placement, risk-adjusted pricing moderated at the latest June 1 renewals, Guy Carpenter said. "Many ...
Texas Floods Left 10,000 Damaged Vehicles At Risk For Fraudulent Sale
As many as 10,000 vehicles may have been damaged in last month's catastrophic Texas floods, and some could be resold out of state to unsuspecting buyers, according to a group that works to prevent ...
Allstate to Offer Ride for Hire Policy
Allstate will start insuring drivers who pick up passengers through ride-hailing apps like Uber and Lyft. The insurer said Wednesday that the Ride for Hire policy will cost $15 to $20 a year on ...
U.S. Storms Caused $1B in May Insurance Claims: Impact Forecasting
A number of severe thunderstorms and flooding in the U.S. in May produced more than $1 billion in insurance claims and over $3 billion in economic losses, Aon Benfield's Impact Forecasting said in a ...
Executives On The Move at W.R. Berkley, JLT Re, Ironshore and More
W.R. Berkley Corp. promoted three long-time executives at the company to the offices of executive vice president. Eugene Ballard, who has been with Berkley since 1999, has previously served as senior ...
Emotional Amtrak CEO Pledges to Implement Track Safety Tech
An emotional Amtrak CEO pledged to lawmakers Tuesday that safety technology that could have prevented a deadly derailment last month in Philadelphia will be put into operation, while Democrats and ...
Bond Insurers May Prevent Revamp Extension for Puerto Rico Electric Utility
Puerto Rico's junk-rated electric utility, weeks away from owing a $416 million debt payment, is moving closer to a legal showdown as bond insurers consider blocking a move to give it more time to ...