How Population Shifts Are Changing Personal Lines Insurance September 8, 2015 By Don Jergler There are “far-reaching implications” for personal lines insurers and the products and services they provide as the U.S. continues to...
BASF Case Shows How Liabilities May Emerge Long After Acquisition September 8, 2015 By David Voreacos and Jef Feeley When BASF SE acquired Engelhard Corp. nine years ago for $5 billion, executives unknowingly inherited a ticking legal time bomb....
15,000 Schools Located Within ‘Blast Zone’ of Oil Trains September 8, 2015 Thousands of U.S. schools sit along rail corridors used to carry toxic substances such as crude oil and would be...
Updated: ‘Shadiest’ New Internet Addresses September 4, 2015 A new report warns that more than 95 percent of websites with new Internet addresses such as .zip, .kim or...
RLI’s Stone to Retire at Year’s End; Kliethermes Named Successor September 4, 2015 Michael Stone, long-time president and chief operating officer of RLI Corp., is retiring at the end of 2015, ending 20-years...
Lloyd’s: Cities Hurt More by Market Crashes Than Natural Disasters September 4, 2015 By Sonali Basak and Katherine Chiglinsk A stock-market crash could erase as much as $170.3 billion from major cities’ gross domestic product in the U.S. and...
AIG to Freeze Employee Pension Plan, Switch to 401(k)s September 4, 2015 By Margaret Collins and Sonali Basak American International Group Inc., the insurer seeking to cut costs under Chief Executive Officer Peter Hancock, said it will halt...
Surplus Lines Posts Record-Breaking Year for 2014 September 4, 2015 By Andrea Wells The surplus lines industry broke records in 2014, growing direct premium written (DPW) in 2014 to $40.2 billion — the...
Millennials Prefer Usage-Based Insurance: Survey September 3, 2015 More drivers aged 18 to 34, or millennials, are interested in usage-based auto insurance policies than are drivers in all...
XL Catlin Realigns U.S. Excess/Surplus Team, Names 3 Regional VPs September 3, 2015 XL Catlin’s Excess & Surplus (E&S) Casualty business has unveiled a new geographically-focused structure and named three new regional leaders....