February 8, 2016
Advertisers played it safe and light with the most expensive ever Super Bowl ad slots on Sunday, shunning previous years’ attempts to be outrageous, emotional or thought-provoking. Mountain Dew rolled out a creature made from a puppy, a monkey and …
February 8, 2016
Underwriting discipline in the marine protection and indemnity (P&I) sector will be tested over the February 2016 renewal period due to market and competitive forces buffeting the sector, according to report published by A.M. Best. Free reserves are at record …
February 8, 2016
Foreign sovereign wealth funds are not automatically immune from U.S. lawsuits claiming that they defrauded investors into buying securities in the United States by making misleading statements outside the country, the federal appeals court in Manhattan ruled. The 2nd U.S. …
February 8, 2016
London-based CFC Underwriting has added two new underwriters to its growing transaction liability team. This follows last year’s appointment of Matthew Giddings to drive the development of a new line of business for the specialist lines underwriting agency. Naomi Collins …
February 8, 2016
Russian authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world’s most notorious financial hacking operations, according to three sources with knowledge of the matter. Cyber …
February 8, 2016
The number of confirmed deaths in a weekend earthquake in Taiwan edged up to 37, with the final toll estimated to be much higher as more than a hundred people were still reported missing. Efforts to dig through collapsed buildings …
February 8, 2016
E-commerce firm Africa Internet Group and French insurer AXA said on Monday they had formed a partnership in which AXA will be the exclusive provider of insurance to AIG and invest 75 million euros ($84 million) to take a roughly …
February 8, 2016
Aon plc has launched Lloyd’s Lead Excess Aon Facility (Lloyd’s LEAF), a program that increases placement options for Aon’s U.S. clients facing global casualty risks while delivering greater contract certainty and claims efficiencies via the Lloyd’s Claims scheme. Lloyd’s LEAF …
February 8, 2016
A recent federal appeals court opinion could aid a Tennessee military widow’s efforts to hold the federal government responsible for her husband’s suicide. The 6th Circuit U.S. Court of Appeals has sent a case involving Scott Walter Eiswert back to …
February 8, 2016
Florida insurers, consumer and insurance advocates, as well as regulators, are hoping 2016 may finally be the year that legislators address the misuse of assignment of benefits (AOB) for water loss claims that they say has become a rampant and …