Personal Lines
Amtrak Train in Fatal Accident Reportedly Traveled Twice the Speed Limit
The New York-bound Amtrak train that derailed in Philadelphia, killing seven and injuring more than 200, was traveling at about 100 miles per hour, twice the speed limit, according to an official ...
Insurity Grabs Oceanwide in Bid to Build Bigger P/C Industry Software Provider
A Connecticut company that supplies software, data processing and analysis for property/casualty insurers and agents has snatched up a Canadian rival in a bid to diversify. Insurity said it has ...
XL Catlin Chooses Ex-Citibank CEO as Board Chairman
XL Catlin has chosen a former Citibank CEO as its new, post-merger chairman of the board. Eugene McQuade will fill the top board slot after having served as a director with parent XL Group since ...
Driverless Car Tests Marred by Accidents in California
Four of the nearly 50 self-driving cars now rolling around the state of California have gotten into accidents since September, when the state began issuing permits for companies to test them on ...
Jury Favors Deloitte in Trial Alleging Faulty Audit Before Insurance Company Collapse
The question loomed for years: Was Deloitte & Touche LLP liable for allegedly faulty audits of Florida's Poe Financial Group, whose three property insurance subsidiaries went insolvent after a ...
BP Can Now Appeal Certain Gulf Spill Damages Claims
A U.S. federal appeals court said on Friday BP Plc deserves the right to appellate review of some damage claims awarded to people and businesses in connection with the 2010 Gulf of Mexico oil spill. ...
Insurers Boost Lobbying Efforts to Shape National Capital Rules
Insurance firms, already among Washington's biggest donors, are securing powerful allies in Congress as the Federal Reserve draws up nationwide capital rules for the $1 trillion industry after years ...
Ex-NYS Insurance Superintendent Joins Guy Carpenter in Leadership Role
Guy Carpenter is bringing on a former New York State insurance superintendent in a bid to boost its regulatory advisory-prowess. The risk/reinsurance broking advisory firm said that James Wrynn will ...