Specialty
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 ...
Liability Alert: Chevron Leads in Greenhouse Gas Production
Chevron Corp. has produced more greenhouse gases than any other fossil-fuel company, according to a study released as global climate talks continued today in Lima. Chevron edged out state-owned Saudi ...
Ebola Vaccine Makers Offered Legal Immunity by HHS
The U.S. Department of Health and Human Services on Tuesday offered liability protections to drug makers rushing to develop Ebola vaccines and urged other countries to follow suit. Health and Human ...