Specialty
TRIA Reauthorization Passes House With Higher Government Involvement Threshold
The U.S. House voted Dec. 10 to extend by six years a federal backstop for insurers offering coverage against terrorism, advancing efforts to retain a program created in response to the attacks of ...
Travelers Dives into Colombia Through Brazilian Joint Venture
The Travelers Cos. said it will be expanding into Colombia through a joint venture it has maintained in Brazil. By way of its partnership with J. Malucelli Participações em Seguros e Resseguros ...
2015 Outlook: Rate Drops Dim Prospects for Underwriting Profits, PwC Says
Underwriting returns alone just won't cut for some London market insurers and reinsurers in 2015, according to PwC, which says that 20 percent of the market participants are "materially reliant" on ...
DHL: Shipping Companies Will be First In Line For Driverless Vehicles
While Google Inc. plans to someday unleash driverless cars on public streets, the logistics industry will probably be one of the first training grounds for such automated vehicles. Shipping companies ...
Sony Studio Cyber Attack Costs Could Hit $100 Million Mark
Sony Corp's movie studio could face tens of millions of dollars in costs from the massive computer hack that hobbled its operations and exposed sensitive data, according to cyber security experts who ...
HCC Taps Beebe as Independent Board Member
Houston-based HCC Insurance Holdings, Inc. announced that Lydia I. Beebe, a former Chevron Corp. executive, has been elected as an independent member of the specialty insurance company's board of ...
Judicial Panel Orders Hurricane Sandy Flood Insurers to Fork Over Reports
A Travelers Cos. unit and other flood insurers accused by Hurricane Sandy victims in New York of using falsified engineering reports must turn over the drafts to policyholders, a three-judge panel ...
Navigators Appoints Former GenStar Exec Roberts to Board
The Navigators Group, Inc. announced Tuesday that Patricia Roberts has been appointed to its board of directors. Roberts had a 35-year career at General Reinsurance Corporation, joining in 1977 as an ...