Commercial Lines

Property losses from deadly flooding in Colorado will total nearly $2 billion, about half from housing and half from the commercial and government sectors, catastrophe modeling firm Eqecat said.

With an investigation into the cause of the fire complete, insurers can now move to begin assessing the devastation left behind on the Seaside boardwalk in New Jersey.

Five years after AIGs emergency takeover by the Federal Reserve Board, a National Economic Council report touts the bailouts successes, while the New York DFS reopens an investigation into the insurers risk-management practices leading up to the federal actions.

Insurers have generally cut IT budgets over the past five years, due mostly to the economic downturn, but a comparatively brighter outlook now should spur growth in IT investments over the next five years with a particular focus on expanding digital channels.

Insurers have generally cut IT budgets over the past five years, due mostly to the economic downturn, but a comparatively brighter outlook now should spur growth in IT investments over the next five years with a particular focus on expanding digital channels.

JM Assoc. VP John Tateossian discusses a partnership with The Hartford to create a GL program for elevator contractors, inspectors, manufacturers, distributors and consultants.