News
Zurich Gets Green Light to Renovate and Expand Its Swiss HQ
Zurich Insurance Group said it has gained approval to begin a massive renovation project for its Swiss headquarters, even as the insurer continues a broader, wide-ranging effort to cut costs. ...
Industry Associations Applaud Draft NFIP Reform Principles
Insurance industry associations are applauding the draft Principles for Flood Insurance Reauthorization and Reform issued by the House Financial Services Housing and Insurance Subcommittee. These ...
J&J Will Appeal $1B Verdict in Recent Artificial Hip Implant Trial
Johnson & Johnson will challenge the fairness of a trial that produced a verdict of $1 billion in damages against the company last week over allegations of design flaws in its Pinnacle hip ...
U.S. Regulators Are Missing Commercial Drone Safety Violations: Govt. Report
U.S. aviation regulators approved commercial drone applications so quickly in recent years that they missed safety violations and took few enforcement actions, a government watchdog report concluded. ...Rising Risks Could Cost Global Cities $1.17 Trillion of GDP in 2017: Cambridge Study
The costs of major shocks to the global economy from natural and manmade threats could put at risk $1.17 trillion of the total projected GDP of the world's major cities in 2017, according to the ...
Liberty Mutual’s Deal to Buy Ironshore Gets Favorable Rating Agency Responses
Liberty Mutual's recently-announced plans to buy Ironshore Inc. from Fosun International for $3 billion earned generally positive responses from A.M. Best, Standard & Poor's and Fitch Ratings. ...
Executives On The Move at Swiss Re, The Hanover and Cyence
Swiss Re promoted a veteran executive to head its North America Casualty hub. The Hanover elected a new member to its board of directors. Cyence appointed a new director of business development. *** ...
Great American Insurance Chooses Gruber as New President and COO
Great American Insurance Group promoted a longtime executive to become its new president and chief operating officer. Gary Gruber will assume his new role with the Ohio-based company as of Jan. 1, ...