Specialty
ACE Doubles Terrorism, Political Violence and War Insurance Capacity
ACE Ltd., which recently announced a $28.3 billion deal to acquire The Chubb Group, is doubling its terrorism, political violence and war insurance capacity. The plan is for ACE to boost its ...
U.S. Power Grid Attack Could Cause $70B Insurance Losses: Lloyd’s Report
A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives, economic losses of as much as a trillion dollars, the disruption of water ...
Berkshire Hathaway’s MedPro to Buy Oklahoma Insurer
Berkshire Hathaway's MedPro Group has agreed to acquire Oklahoma healthcare liability insurer PLICO Inc., which is owned by the Oklahoma State Medical Association (OSMA). The boards of each entity ...
Move Over Uber Drivers: Autonomous Taxis Offer Green Benefits
According to a new study from Lawrence Berkeley National Laboratory (Berkeley Lab), a system of driverless taxi fleets would both be cost-effective and greatly reduce per-mile emissions of greenhouse ...
Credit Insurers Refusing New Coverage to Greek Customers
Credit insurers are refusing to offer new cover to companies carrying out trade with Greece because of uncertainty over the solvency of Greek customers hit by capital controls, a Greek importer told ...
Human Error Blamed as Robot Kills Volkswagen Contractor at Production Plant
A robot has killed a contractor at one of Volkswagen's production plants in Germany, the automaker said last Wednesday. The man died last Monday at the plant in Baunatal, about 100 kilometers (62 ...
Fracking Officially Banned in New York, Ending Seven-Year Review
New York formalized its ban on high-volume hydraulic fracturing for natural gas on Monday, concluding a seven-year environmental and health review that drew a record number of public comments. "After ...
How They Stack Up: Analysis of Chubb’s Future Position in P/C Product Lines
Just a little over six months ago, ACE announced a deal to acquire the high-net-worth personal lines business of Fireman's Fund from Allianz, competing against Chubb, which holds the leading position ...