Liberty Mutual Inks Reinsurance Deal with Berkshire’s National Indemnity July 18, 2014 By Noah Buhayar Liberty Mutual Insurance said it has reached a deal with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc.,...
Firms Dropping Birth Control Coverage Must Inform Employees July 18, 2014 By Alex Wayne Closely held companies that decide to drop insurance coverage of birth control for religious reasons have 60 days to tell...
Insured Losses From Hurricane Arthur Below $250 Million: RMS July 18, 2014 Insured losses from Hurricane Arthur will not exceed $250 million from wind and coastal flooding, catastrophe risk modeling firm RMS...
Chief Executive Insurance Services Launches Personal Director’s Liability Coverage July 18, 2014 Chief Executive Insurance Services has launched an enhanced personal director’s liability (PDL) policy. Coverage is available to members of Chief...
Senate Passes TRIA Renewal with Broker Licensing Provision July 17, 2014 By Andrew G. Simpson In a 93-4 vote, the Senate today passed the Terrorism Risk Insurance Program Reauthorization Act of 2014 (S. 2244 )...
Automakers Race to Be First With Driverless Cars July 17, 2014 By Alan Ohnsman, Craig Trudell and Ma Jie Nissan Motor Co. will introduce cars that park themselves by 2016, Chief Executive Officer Carlos Ghosn said, as the Japanese...
Fitch Forecasts Shrinking P/C Insurer Profits July 17, 2014 Fitch Ratings is forecasting that 2014 will end up as the second consecutive year of underwriting profits for the property/casualty...
Computers at Growing Risk of Hijack by Botnet Viruses, U.S. Says July 17, 2014 By Del Quentin Wilber The threat posed by criminal hackers who use networks of secretly hijacked computers has increased “dramatically” over the past several...
Aon Launches Custom Liability Product for Railroad Industry July 17, 2014 Aon Risk Solutions, the global risk management business of Aon plc, has launched a new product designed to support the...
Getting a Grip on Ridesharing Coverage July 17, 2014 By Amy O'Connor Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of...