Aviation Industry Braces for Double-Digit Premium Hikes After 737 MAX Groundings September 20, 2019 By Allison Lampert and Suzanne Barlyn The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers...
Chicago Brokerage, Phillip Capital, to Pay $1.5M for Cyber Attack Lapses September 16, 2019 By Suzanne Barlyn The U.S. Commodities Futures Trading Commission (CFTC) said that a Chicago-based futures brokerage will pay a total of $1.5 million...
Starr Insurance Sues to Rescind Coverage for Plane Used by Lawyer Avenatti September 8, 2019 By Suzanne Barlyn An insurance unit of Starr International Company Inc. on Friday sued Michael Avenatti, the combative lawyer known for his battles...
How Insurers Help Design High-End Homes That Mitigate Disaster Risk August 30, 2019 By Suzanne Barlyn Bruce Gendelman wanted a mountainside retreat when he bought 12 acres in Aspen, Colorado. But forest fires that have torched...
Tesla Begins Rolling Out Its Auto Insurance in California August 28, 2019 By Suzanne Barlyn and Tamara Mathias Tesla Inc. said on Wednesday it was launching an insurance service designed to give drivers in California, its biggest market,...
As Lloyd’s Jettisons Some Marine Insurance Lines, Opportunities Created for Rivals June 24, 2019 By Carolyn Cohn, Jonathan Saul and Suzanne Barlyn Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after...
Latest Shift in Growth Strategy at Lloyd’s Calls for More U.S. Business June 19, 2019 By Suzanne Barlyn Lloyd’s of London Ltd. is meeting with major U.S. insurers about driving more business through its global insurance market, Chief...
D&O Insurance Costs Soar as Investors Run to Court Over IPOs June 18, 2019 By Suzanne Barlyn Companies going public in the United States face insurance costs that have increased as much as 200% in the last...
‘I Have to Earn My Living,’ Says AIG CEO After Close Shareholder Vote on His Pay June 7, 2019 By Suzanne Barlyn American International Group Inc. Chief Executive Officer Brian Duperreault said on Thursday the insurer is reaching out to shareholders, per...
Only 55% of AIG Shareholders OK $21 Million Compensation for CEO Duperreault May 22, 2019 By Suzanne Barlyn and Ross Kerber American International Group Inc. said shareholders approved a $21 million pay package for Chief Executive Officer Brian Duperreault by only...