P/C Insurers Rush to Meet Rising Demand for Cyber Insurance October 9, 2014 By Noah Buhayar, Sarah Jones and Zachary Tracer Insurers flush with capital are rushing to grab part of an expanding cyber coverage market that’s been spurred on by...
Bernanke Defends AIG Bailout Terms; Judge Opens Fed’s ‘Doomsday Book’ October 9, 2014 By Andrew Zajac and Christie Smythe Former Federal Reserve Chairman Ben Bernanke defended the sterner treatment of American International Group Inc. in the 2008 bailout compared...
Insurance Noodle Launches New Facility for Salon & Spa Services Risks October 9, 2014 Chicago-based Insurance Noodle has launched an integrated facility for spas and salons, offering access to multiple carriers through a single...
How States Rank, High to Low, in Workers’ Compensation Premiums October 9, 2014 By Don Jergler A list of state rankings for workers’ compensation premiums shows a slight drop in premiums in the last two years,...
JPMorgan Hackers May Have Hit Multiple Financial Firms October 9, 2014 By Jordan Robertson and Michael Riley The hackers who raided the data banks of JPMorgan Chase & Co. used computers now linked to possible attacks on...
AIG Boosts Railroad Excess Liability Coverage to $1 Billion October 9, 2014 By Zachary Tracer American International Group Inc., the largest commercial insurer in the U.S. and Canada, introduced a policy to help railroads handle...
Unfamiliar Fed Saw ‘Exceptional’ Risks in AIG Situation, Says Geithner October 9, 2014 By Andrew Zajac and Christie Smythe American International Group Inc.’s unique set of risks was seen by one of the primary orchestrators of its rescue as...
Insurers for Sears Suppliers Pulling Back; Retailer Says Finances Fine October 9, 2014 By Lauren Coleman-Lochner Three of the biggest insurance firms for Sears Holdings Corp.’s suppliers are seeking to reduce coverage, prompting at least one...
Berkshire Hathaway Specialty Offers Fiduciary Liability Product October 9, 2014 Boston-based Berkshire Hathaway Specialty Insurance (BHSI) has launched Executive First Fiduciary Liability Insurance, a new addition to its Executive First...
Was AIG’s High Bailout Loan Rate Forced by Regulators? October 8, 2014 By Andrew Zajac and Christie Smythe A “crazily high” interest rate levied on American International Group Inc.’s $85 billion bailout loan may have been forced on...