CFO / Financial
Instagram, Crowdsourcing and the New Risks of Emerging Technology
At its peak in 1996, Kodak—then the world's largest camera maker and photo film supplier—had revenues in excess of $16 billion and employed more than 145,000 people. But after 130 years in ...
Bank of America to Pay $228M to Settle Forced-Place Insurance Claims
Bank of America Corp. agreed to pay $228 million to settle claims the bank overcharged for insurance homeowners were forced to accept when their regular policies lapsed. The amount was disclosed in a ...
A.M. Best May be Next with Negative Outlook for Reinsurers
A.M. Best currently has a stable outlook on the global reinsurance industry, but that could change when the rating agency revisits the outlook at midyear, the firm said in a special report Friday. ...JPMorgan Releases Funds to Russian Insurer After Russia Protest, U.S. Approval
JPMorgan Chase & Co. is unfreezing a money transfer from a Russian embassy in Central Asia to an insurer linked to U.S.-sanctioned bank after getting a go-ahead from regulators. "Following ...
P/C Insurers Looking to Compete Must Learn to Embrace the Cloud
Property/casualty insurance companies have a reputation for being risk-averse. That certainly has been the case when it comes to cloud computing. While other industries have more readily embraced the ...
Reuters: Widow of Former Zurich CFO to Confront Insurer at Annual Meeting
Seven months after the suicide of Zurich Insurance finance chief Pierre Wauthier, his widow is set to confront the company over its handling of the tragedy, reopening a scandal that unsettled ...
Reinsurance Rate Slide Continues at April 1, Pushing Reinsurers to Casualty Risks: Willis Re
A benign catastrophe year in 2013 and an influx of capital are just two reasons behind a drop in reinsurance rates that has continued at April 1, according to the chairman of Willis Re. During a ...
Insurers Face Tougher EU Scrutiny on Pay
Insurers from Prudential Plc to Axa SA face tougher European Union oversight of compensation as the bloc seeks to crack down on awards that could spur irresponsible risk taking. Draft European ...