Cyber Risk Is Putting Pressure on Property Insurance Underwriters November 6, 2017 By Elizabeth Blosfield Property underwriters are feeling the pressure as cyber has become an increasing source of risk within the property insurance industry,...
BMW Recalls 1 Million Vehicles for Fire Risks November 6, 2017 By David Shepardson BMW AG said on Friday it is recalling about 1 million vehicles in North America for two separate issues involving...
CVS, Aetna Could Close $70B Merger Deal as Soon as December November 6, 2017 By Greg Roumeliotis and Carl O'Donnell U.S. pharmacy operator CVS Health Corp. and health insurer Aetna Inc. are working toward finalizing merger terms and announcing a...
Berkshire Insurance Units Take Q3 Hit from U.S. Hurricanes, Mexico Earthquake November 6, 2017 By Jonathan Stempel Bad weather hurt Warren Buffett’s Berkshire Hathaway Inc. in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma...
BHSI Creates Excess Integrated Follow Form for Contractors November 6, 2017 Berkshire Hathaway Specialty Insurance (BHSI) has unveiled the Excess Integrated Follow Form, a single excess policy that sits atop multiple...
Small Business Digital Insurer Attune Adds Starr’s Stamets, OnDeck’s Dreiling November 3, 2017 Digital small business insurer Attune has named Martha Dreiling as head of Analytics and Corporate Operations and Richard E. Stamets...
Hurricanes Drive Q3 Loss for Liberty Mutual But ‘Fundamentals Remain Healthy’ November 3, 2017 Liberty Mutual Holding Co. Inc. reported a net loss of $665 million for the three nine months ended September 30,...
October Commercial Insurance Renewal Rates Up Except Workers’ Compensation: IVANS Index November 3, 2017 In October, premium renewal rates were up for the majority of standard commercial lines products, with workers’ compensation remaining the...
AIG Reports Q3 Loss on Commercial Lines Reserve Boost, Catastrophe Losses November 3, 2017 By Susanne Sclafane Highlighting the development as a “noteworthy item” in an earnings announcement Thursday night, American International Group reported prior-year loss reserve...
Kidde Recalls 40 Million Fire Extinguishers November 3, 2017 United Technologies Corp.’s Kidde unit is recalling more than 40 million fire extinguishers mainly in the United States, a U.S....