Commercial Lines

Ride-sharing service Lyft has been given the green light in New York City, and hailing a cab in this taxi-centric town will never be the same.

Catastrophe planning and response by an insurance company is an important and difficult task.

Shares of the insurance broker are down 4% Friday after revenue missed estimates and reinsurance sales declined in the quarter.

American International Group Inc. is the lead insurer of the TransAsia Airways Corp. passenger plane that crashed near Taiwans Magong airport, according to Aon Plc, a broker that tracks the market for aviation coverage.

Texas sustained $1.8 billion in 2014 first-half catastrophe lossesincluding $1.4 billion in Q2to lead all states during what was generally a mild stretch for cats in the U.S.

Travelers Cos., the only property and casualty insurer in the Dow Jones Industrial Average, said second-quarter profit fell 26%, missing estimates, on catastrophe costs.