Risk
China’s Anbang Insurance Reportedly Prepping to Sell $10B in Overseas Properties
China's Anbang Insurance Group Co Ltd is looking to offload overseas properties worth about $10 billion to shore up its balance sheet as part of a government-backed rescue, three people with ...
UK Insurers, Banks Warned to Prepare for ‘Hard’ Brexit
Britain's banks and insurers must plan for a "hard" Brexit in case a transition period is not in place next March, a senior British regulator said on Thursday in a warning echoed by Brussels. "With ...
AIG Closes $5.6B Validus Acquisition; Q2 Earnings Out on Aug. 2
When American International Group reports its 2018 second-quarter financial results on Aug. 2, it will be the proud new owner of Validus Holdings. AIG disclosed on July 18 that it has closed a $5.6 ...
MGM Resorts Sues Victims of Vegas Mass Shooting to Try and Limit Liability
MGM Resorts International sued the victims of a Las Vegas music festival mass shooting in an effort to block any potential compensation claims against it. The owner of the Mandalay Bay hotel claims a ...
Cyber Attacks on Healthcare Providers Are on the Rise
Health-care providers and government agencies across the U.S. have seen an increase in cybersecurity breaches in recent months, exposing sensitive data from hundreds of thousands of people as the ...
Travelers Proposes Using Current Auto Insurance Model for Autonomous Vehicles
Auto insurance should continue to be the primary compensation model for accident victims as the driving population transitions to and then fully adopts autonomous vehicles, according to the insurer ...
Ford Will Fork Over $299.1M to Resolve Takata Air Bag Consumer Claims
Ford Motor Co. has agreed to pay $299.1 million to settle consumers' economic-loss claims connected to Takata Corp. air-bag recalls. The settlement, filed in federal court in Miami Monday, reimburses ...
China’s Ping An Insurance Behind Launch of Hong Kong Banking Blockchain
Hong Kong's banking regulator and seven banks, including HSBC Holdings PLC and Standard Chartered PLC , on Tuesday said they will jointly launch a trade finance platform in September using blockchain ...