Specialty
Moody’s, A.M. Best See a Slowing Surplus Lines Market
Two insurance rating entities see slowing rate increases for the surplus lines segment in the coming months, as competition grows and rate hikes slow. Moody's Investors Service said that the U.S. ...
Swiss Re is Pulling Back From Catastrophe Coverage
Swiss Re Ltd., the world's No. 2 reinsurer, is cutting back on catastrophe coverage and moving into new lines of business as low interest rates and fewer natural disasters undercut prices. "The super ...
Beazley: Cyber Breaches are Small in Number But Growing
Specialty insurer Beazley has identified the most common source of data breaches, and they're not all in the cyber world. Most come from misdirected emails and faxes and the loss of paper records, ...
Insurance to Cover More than 40% of Home Depot Breach Costs
Home Depot Inc. said a data breach between April and September put about 56 million payment cards at risk, signaling that the hacker attack was bigger than the one that struck Target Corp. last year. ...
Nightclub Insurer Owner in Maryland Charged in $100M Policyholder Fraud
The owner of a Maryland-based insurer faces fraud charges for inflating the ratings of his company to win business, according to an indictment which seeks to recover more than $100 million in ...
Berkshire Hathaway Specialty Insurance Names Parente to Head New Life Sciences Business
Berkshire Hathaway Specialty Insurance announced Thursday that it is expanding its underwriting capabilities to address life sciences industry risks and has named John Parente to head the area. The ...
More Self-Driving Car Tests to Hit California Roads
Mercedes-Benz has followed Volkswagen AG's Audi unit in getting a license to test self- driving vehicles on California roads as the luxury-car makers vie for a market predicted to grow to $87 billion ...
Ridesharing Insurance Legislation Becomes Law in California
California Governor Jerry Brown signed new insurance requirements on ridesharing companies into law on Wednesday, but the regulations come at a far lower cost to the industry than previously written ...