News
U.S. Commercial Insurance Prices Accelerated Higher in Q3: Willis Towers Watson
U.S. commercial insurance prices continued to accelerate in the 2019 third quarter at a pace not seen for years, Willis Towers Watson said in a new report. "This quarter we saw the largest overall ...
Arizona Opioid Case Against Purdue, Sackler Family Rejected by SCOTUS
The U.S. Supreme Court on Monday turned away a novel case by Arizona seeking to recover billions of dollars that the state has said that members of the Sackler family - owners of Purdue Pharma LP - ...
California Utility’s $13.5B Settlement With Fire Victims Sends Stock Soaring
PG&E Corp. surged to a two-month high after reaching a $13.5 billion settlement with the victims of wildfires ignited by its power lines -- a major step toward resolving the biggest utility ...
The Latest Launches From Guy Carpenter, W.R. Berkley, Swiss Re and Liberty Mutual
Guy Carpenter said it is offering new services to clients who are members of U.S. public entity insurance pools. Berkley One has introduced a new excess flood product, among other product updates. ...
U.S. P/C Insurers Should See Small Underwriting Profit Gains for 2020: Fitch
The U.S. property/casualty insurance sector should see small improvements in underwriting profits in 2019 and 2020, thanks largely to commercial lines price increases, Fitch Ratings predicts in a new ...
U.S. Charges Russian ‘Evil Corp’ With Fueling a Decade of Bank Hacks
The U.S. unveiled charges and sanctions against members of a hacking entity calling itself Evil Corp that authorities said was behind some of the worst computer hacking and bank fraud schemes of the ...
Lloyd’s Launches Space Insurance Policy, Eyeing Emerging Private Spaceflight Industry
Lloyd's has launched a new multi-million-pound space insurance policy for the emerging private spaceflight industry. The product is designed to cater to the distinct needs of a rapidly growing new ...
Saudi Aramco Reportedly Pursuing Insurance Against War/Terror Attacks
Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the ...