Commercial Lines

Two Moscow subway workers were detained in the investigation into yesterdays train crash, which killed 22 people and injured 162, the deadliest incident in the citys underground system since 2010 suicide bombings.

Two Moscow subway workers were detained in the investigation into yesterdays train crash, which killed 22 people and injured 162, the deadliest incident in the citys underground system since 2010 suicide bombings.

The German unit of Allianz SE, Europes biggest insurer, sees no need to follow up on a cost-cutting program in its non-life business that has dragged on three years.

Congress would be required to re-vote several years down the road on whether to sustain enactment of legislation creating a clearinghouse aimed at streamlining agent licensing, according to Senate legislation.

Commercial-insurance buyers for international construction and some property and casualty coverages are seeing rate reductions of up to 30% through the first half of 2014, thanks to overcapacity in the marketplace.

There were still positive signs for the U.S. property and casualty industry during Q1 2014, but financial performance was not as robust as the same period in 2013 as weather losses mounted and the pace of rate increases slowed.