Industry News
Allianz, AIG, Others Start Commercial Drone Insurance Association
Allianz and AIG partnered with a major aviation insurer, a specialized broker and an attorney to launch a new trade association focused on the surging commercial drone industry. The Unmanned Aircraft ...
Zurich Names New Head of Global Corporate in North America
Zurich appointed one of its veteran executives to a major leadership role in its North American operations. Paul Horgan is now CEO of the property/casualty insurer and reinsurer's Global Corporate in ...
U.S. Farmers, Pummeled by Bird Flu, Prepare for its Likely Return
In Iowa, one of the largest U.S. egg processors has started to buy foreign supplies for the first time. Elsewhere in the Midwest, a free-range egg producer says it may build automatic car washes to ...
ACE Launches Debuts VC Liability Coverage in Hong Kong, Singapore
Ace Group unveiled "bespoke" private equity and venture capital liability insurance in Hong Kong and Singapore, reflecting a continued focus on growing its customer base in Asia. The ...
ACE/Chubb Merger Plan Clears Federal Antitrust Regulatory Hurdle
ACE's planned $28 billion acquisition of Chubb cleared a major milestone necessary to meet a hoped-for completion of the deal in the 2016 first quarter. Specifically, the U.S. Federal Trade ...
Hurricane Joaquin’s Emergence Creates Massive East Coast Risk Potential
The weather outlook for the eastern U.S. is starting to resemble the plot of a 1970s disaster movie in which everything that could go wrong did. From the mid-Atlantic to the Northeast, the coastal ...
Crisis Service Costs Are Bulk of Cyber Claims Payouts: NetDiligence
New claims costs data reveals a wide discrepancy on costs associated with cyber losses. More than $75.5 million has been spent on cyber claims losses as reported in the latest cyber claims study ...
Florida’s Heritage Insurance Grabs Hawaii’s Zephyr for $120M
Two Florida-based property casualty insurers are pursuing expansion plans, following an M&A deal by a third instate rival to do the same. Heritage Insurance Holdings said it has agreed to snatch ...