Specialty
Zurich’s Losses Lead to ‘Negative’ Ratings Outlook from A.M. Best
Zurich Insurance Company Ltd.'s A.M. Best ratings outlook is revised from stable to negative, following the company's disclosure of $275 million in losses from explosions at the Port of Tianjin in ...
Travelers: Cyber Risks Now a Top Consumer Concern
Just as property/casualty insurers are increasingly worried about cyber risks, it turns out consumers fears are growing rapidly right there with them, according to The Travelers Companies' 2015 ...
T-Mobile: Hackers May Have Ripped off Data of 15 Million Applicants
T-Mobile US Inc said personal data of about 15 million of its U.S. applicants may have been stolen in a breach at a unit of Experian Plc, which processes the telecom carrier's credit applications. ...
Hurricane Joaquin Update: It Could Miss the U.S. Coastline
Forecasters can't completely rule out a U.S. East Coast strike by Hurricane Joaquin but are more optimistic it will miss, even as the "extremely dangerous" storm pounds the Bahamas with high winds, ...
Allianz, AIG, Others Start Commercial Drone Insurance Association
Allianz and AIG partnered with a major aviation insurer, a specialized broker and an attorney to launch a new trade association focused on the surging commercial drone industry. The Unmanned Aircraft ...
U.S. Farmers, Pummeled by Bird Flu, Prepare for its Likely Return
In Iowa, one of the largest U.S. egg processors has started to buy foreign supplies for the first time. Elsewhere in the Midwest, a free-range egg producer says it may build automatic car washes to ...
ACE Launches Debuts VC Liability Coverage in Hong Kong, Singapore
Ace Group unveiled "bespoke" private equity and venture capital liability insurance in Hong Kong and Singapore, reflecting a continued focus on growing its customer base in Asia. The ...
ACE/Chubb Merger Plan Clears Federal Antitrust Regulatory Hurdle
ACE's planned $28 billion acquisition of Chubb cleared a major milestone necessary to meet a hoped-for completion of the deal in the 2016 first quarter. Specifically, the U.S. Federal Trade ...