ACE Limited completed its acquisition of Chubb yesterday, creating the world’s largest publicly traded property/casualty insurance company. ACE paid approximately $29.5 billion in the aggregate in cash and stock, based on the most recent closing price of ACE Limited shares … Source: Claims Journal

Leaders of the property/casualty insurance industry expect no increase in profitability in 2016 for most lines of insurance, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its 20th annual Property/Casualty Insurance Joint Industry Forum, held here. … Source: Claims Journal

Crawford Global Technical Services Expands Team in Illinois Atlanta-based Crawford & Company, a global independent provider of claims management solutions, named Richard Grganto national general adjuster for Crawford GTS. A 25-year industry veteran, Grganto will based in Schaumburg, Ilinois. Grganto … Source: Claims Journal

General Motors Co. found a deadly flaw in its ignition switches but chose to keep customers and regulators in the dark for years, a lawyer for an injured postal carrier told jurors in the first trial over the defect. The … Source: Claims Journal

In January 2015, a Washington, DC, hobbyist accidentally flew his DJI Phantom quadcopter drone over the White House fence and crashed it on the lawn. Two years earlier, a prankster sent his drone toward German prime minister Angela Merkel during … Source: Claims Journal

In the summer of 2015, Le Sacré Coeur au Printemps by Maxime Emile Louis Maufra was stolen from a home in Salisbury, Connecticut. Within months, the painting was discovered being offered for sale at Fairfield Auction, just 65 miles away. … Source: Claims Journal

Futuristic self-driving cars traveling along California roads have needed plenty of old-fashioned human intervention to stay safe. California’s Department of Motor Vehicles on Tuesday released reports filed by seven companies the agency gave permission to test prototype vehicles in public. … Source: Claims Journal

The impact of disruptive events, fierce market competition and cyber incidents ranked as top concerns, according to the fifth annual survey on corporate risks published by Allianz Global Corporate & Specialty (AGCS), which surveyed over 800 risk managers and insurance … Source: Claims Journal

America’s system for ensuring that medical devices are safe failed at every turn when dirty endoscopes began spreading deadly superbugs, according to a Senate investigation released today. The report, from Senator Patty Murray, a Washington Democrat, blames device manufacturers, hospitals, … Source: Claims Journal

Zodiac Cabin & Structures Support LLC has been fined $1,316,000 for workplace safety and health violations following an explosion at its carbon fiber production plant north of Spokane. Seventeen workers were injured in the oven explosion at the Newport, Wash., … Source: Claims Journal