Insurers from Lombard to AIG are bracing for a surge in Indian claims to a 10-year high after unprecedented floods last week ravaged the city that is home to Ford and BMW factories.

Ride-sharing company says it shouldn't be held liable for its drivers' action.

Ride-sharing company says it shouldn't be held liable for its drivers' action.

Conventional wisdom by various industry experts over decades also has yielded predictions of the impending demise of the independent agency distribution system for insurance. But this never happens.