commercial insurance News
6 U.S. Ports Are at Greatest Global Risk for High Natural Catastrophe Losses
Six U.S. ports are among 10 globally at biggest risk of high insurance losses stemming from earthquake, wind and storm-surge catastrophes, according to a new RMS analysis. The California-based ...
Energy Investments Drove Liberty Mutual’s Q2 Net Income Down 94%
Losses from energy investments caused a drop of more than 90 percent in Liberty Mutual's 2016 second quarter net income, though net written premium grew and the combined ratio improved slightly. Net ...
German State of Bavaria Source of VW’s Latest Emissions Scandal Suit
The German state of Bavaria said on Tuesday it would sue Volkswagen for damages caused by its emissions-test cheating scandal, the first regional government in VW's home country to take legal action ...
CNA’s Specialty Arm Helped Carry Q2 Toward Solid Results
CNA Financial Corp. dealt with higher catastrophe losses in its 2016 second quarter. But the property/casualty insurer did well in its specialty and commercial divisions, and net income soared. Also, ...
Uber Faces Setback in Surge-Pricing Lawsuit
A federal judge on Friday denied a motion by Uber Technologies Inc to compel arbitration in a passenger lawsuit over so-called surge pricing brought against the ride-hailing company's chief ...
Bankrupt U.S. Coal Producer Reaches Mine Liability/Clean-Up Deal With Three States
Peabody Energy Corp, the largest U.S. coal producer, reached a deal to cover mine clean-up liabilities while in bankruptcy with three U.S. states, court documents showed on Tuesday. Peabody has ...
Progress Made Containing Massive California Wildfire
Containment has increased on a wildfire north of Los Angeles, which has grown to more than 58 square miles. Officials report the blaze is 25 percent surrounded as of today, and most of the evacuation ...
U.S. Brewer Yuengling Paying $10M to Settle Water Pollution Case
D.G. Yuengling and Son Inc, the oldest U.S. brewing company, will pay close to $10 million to settle charges it violated the federal Clean Water Act through the excessive discharge of pollutants by ...