News
FAA May Ban Rechargeable Lithium Battery Cargo From Passenger Airlines
The risk of unstoppable fires is prompting U.S. officials to back a proposed international ban on rechargeable lithium battery shipments as cargo on passenger airlines. "We believe the risk is ...
Personal Property Premium Growth Outpacing Commercial: Finaccord Survey
The global property insurance market reached $360.5 billion in gross written premiums as of the end of 2014, according to a new Finaccord survey. And personal property premiums are outpacing ...
Towers Watson Shareholder Group Reportedly Wants Better Willis Merger Terms
Stakeholders who own millions of shares in Towers Watson & Co. are planning to vote against the firm's $8.7 billion merger with Willis Group Holdings Plc if the terms of the transactions are not ...
China Re Will Sell Half of $2B IPO to Cornerstone Investors
China Reinsurance Group Corp., the nation's biggest reinsurer, will sell about half of its as much as $2 billion Hong Kong initial public offering to cornerstone investors. U.S.-based Prudential ...
U.S. Judge Signs Off on Settlement in Canadian Oil-by-Rail Disaster
A U.S. bankruptcy judge on Friday approved a settlement that clears the way for payments to victims of Canada's Lac-Megantic crude-by-rail derailment, according to the trustee for the insolvent ...
GHRA to Launch Insurance Research; Wilt, Zimmermann Lead Analysts
Gordon Haskett Research Advisors, an independent research organization, announced that the firm is launching insurance industry equity research with veteran analysts Bill Wilt and Alan Zimmermann ...
The Hanover Revamps Coverage For Non-Profit Groups
The Hanover Insurance Group is beefing up one of its main product offerings targeted to nonprofit organizations, with more sophisticated cyber security protection and other added offerings. Helen ...
FAA Aims to Send Message With $1.9 M Penalty For Drone Photographer
The U.S. Federal Aviation Administration is proposing the largest fine to date against a drone operator as the agency cracks down on the booming use of unmanned aircraft in congested skies over ...