Specialty
US and UK Will Jointly Test Global Financial Firms’ Cyber Security
The US and British governments will hold a joint exercise to test cyber security and information sharing arrangements involving global financial institutions, according to the UK National Computer ...
El Faro Owner Pursues U.S. Maritime Liability Limit on Death Claims
The owner of the U.S. cargo ship El Faro that sank in a powerful hurricane off the Bahamas nearly a month ago has filed for protection in Florida federal court from claims it is liable for the deaths ...
ACE Names Some Chubb Execs to Post-Merger North America Insurance Arm
ACE Ltd., on track to acquire The Chubb Corp. in a $28 billion deal, has named more executives to the post-merger leadership team for its North America Insurance division. The appointments include ...
Japanese Car Makers Feeling the Heat of Disrupters Google, Apple
The days of cheap and cheerful cars like the Honda Civic and Toyota Corolla may be numbered as technology firms Google and Apple muscle into the auto industry, and change the way people own and drive ...
European, Gulf Carriers Reroute Flights Away from Sinai After Russian Jet Crash
Most national carriers in the United Arab Emirates will reroute flights to avoid Egypt's Sinai peninsula until more is known on what caused a Russian-operated jet to crash there on Saturday, killing ...
Liberty Mutual Loses WC Market Share, but Travelers Remains on Top: A.M. Best
Liberty Mutual Insurance's U.S. workers compensation net premiums written for 2014 dropped a whopping 27.5 percent compared to the previous year. The decline was enough to knock it from second to ...
British Insurance Premium Tax Hike Worsens Situation for General Insurers
A tax hike on British motor and home insurance policies effective from Sunday is set to hit consumers and could trigger a fresh round of margin-squeezing price competition among general insurers. The ...
‘We Start Businesses Instead of Buying Them,’ Berkley Says in Last Call as CEO
William R. Berkley's last earnings conference call as chief executive officer of the company that bears his name lasted just over 20 minutes, with a lack of questions about a less-eventful quarter ...