Specialty
Marsh, Aon Benfield Launch Cyber Covers Aimed at Cat, Re Buyers
Some major industry players have launched new policies designed to address growing need and demand for cyber insurance. Marsh, the global brokerage unit of Marsh & McClennan Cos., recently ...
Home Depot Cyber Violation Could Be Biggest Retail Breach Yet
Home Depot Inc., the largest home- improvement chain, confirmed that hackers attacked its computer systems at stores in the U.S. and Canada in what could be one of the retail industry's biggest ...
Americans Worry About Risks Caused by Drones: Chubb
Most Americans are worried that the increased use of drones in the U.S. could damage property, cause injury and create other new risks, the Chubb Group of Insurance Companies determined in a new ...
GM’s Hands-Free Cadillac Coming in Two Years
General Motors Co., the largest U.S. automaker, will introduce a Cadillac model in two years that can travel on the highway without the driver holding the steering wheel or putting a foot on a pedal. ...
Train Delays Force Coal-Burning Power Plants to Seek New Supply Transport
U.S. coal-burning power utilities are being forced to turn to barges and more expensive trucks to move coal, desperate to shore up stockpiles left dangerously low by the widespread bottlenecks on ...
High-Risk Industries Face More Liability Issues in Wake of BP Ruling
A U.S. court ruling that dramatically ramped up BP Plc's potential penalties for the 2010 Gulf oil spill could create new liability risks not just for deep water drillers but also for other ...
From Earthquakes to Typhoons, August Was a Tough Weather Month
As far as natural perils go, it was mostly about earthquakes in August, with a few tropical storms and typhoons around the world to add to the trouble, according to Aon Benfield's Impact Forecasting ...BP Risks $18B Fine in Gulf of Mexico Oil Spill After Judge Assigns Blame
A U.S. judge has decided that BP Plc was "grossly negligent" and "reckless" in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 ...