Specialty
Countrywide Board, CEO Mozilo Should Face Investors’ Claims, Court Told
Former Countrywide Financial Corp. directors, including ex-Chief Executive Officer Angelo Mozilo, should be forced to face claims that they misled investors about the quality of the mortgage-lender's ...
EPLI in Southern California Playing ‘Hard’ to Get
Employment practices liability in California is a growing concern for insurers, agents and employers, and that concern has some carriers ramping up rates dramatically or quietly pulling back from the ...
Towers Watson Looks Beyond Jihadi Terrorism with New Risk Model
If you ask Towers Watson's Chris Holt, one of the architects of a new terror model, what he fears when he goes to work each morning, the former British Army bomb-disposal officer will respond ...
Dark Clouds Forming; Data Security Hurricanes Ahead For Cyber Insurers
Data security and privacy (cyber liability) insurance has become one of the hottest topics for the insurance industry and an area of growth for an industry emerging from a soft market. While data and ...
IPO-Seeking China Companies Pay More to Avoid Boards Going Naked
Stephen Markscheid holds one of the riskiest jobs in the world—or so say directors and officers liability insurers. The 59-year-old former banker, a Mandarin-speaking American, sits on the boards ...
It’s Not About AIG, Says Berkshire’s Peter Eastwood
When a veteran of CNA joined Berkshire Hathaway Specialty Insurance to lead the new venture's professional liability division last week, the news did not receive the press that the followed the first ...
Are Traditional Insurers Ready For P2P Car-Sharing Challenges, Opportunities?
The emerging trend in sharing personal assets—sometimes referred to as "collaborative consumption" or "the sharing economy"—presents challenges and opportunities to property/casualty insurance ...
Will Berkshire’s New Specialty Group Rocket Past Ironshore With $5B In Premiums?
"Word on the street" is that Berkshire's specialty lines unit, headed up by four executives who recently left American International Group, is gearing up to write a $5 billion book of business, a ...