Risk
Most Commercial Lines Premiums Trended Upward in April: IVANS
Last month, major commercial lines insurance renewal premiums continued trending upward, with one exception: workers compensation. The line remains in negative territory for the year, according to ...
Report: Carl Icahn Sells Off AIG Stake
Billionaire investor Carl Icahn has sold his stake in AIG, Forbes reported on Monday, ending a more than two-year association with one of the largest U.S. property and casualty insurers. The activist ...
Wells Fargo Will Pay $480M to Resolve Fake-Accounts Lawsuit
Wells Fargo & Co. agreed to pay $480 million to settle a class-action lawsuit in which investors accused the bank of securities fraud related to its fake-account scandal. The settlement resolves ...
Warren Buffett Preaches Caution on Cyber Insurance Because Risks Are Unknown
Warren Buffett said he doesn't want Berkshire Hathaway Inc. being a leader on cyber insurance because neither he nor others in the industry really know the risk. "I don't think we or anybody else ...
Berkshire Hathaway’s Insurance Businesses Rebound; Accounting Change Leads to Overall Net Loss
Warren Buffett lost money but had a pretty good quarter. Berkshire Hathaway Inc on Saturday reported an unusual quarterly net loss, the result of an accounting change that Buffett had warned would ...
Brexit Talks Avoid Sensitive Topics as Work Begins on Future Setup
Talks between the U.K. and the European Union skirted around the biggest obstacles to a Brexit deal as officials settled on a list of topics to shape negotiations about the future. Negotiators didn't ...
Failed Southwest Air Jet Engine Passed Multiple Visual Inspections
The fan blade that failed on a Southwest Airlines Co. plane last month, killing a passenger, had been inspected seven times since late 2012 but without the sophisticated technology airlines are now ...
UPDATED: Hiscox Debuts New Coverages for Management Liability, Corporate Crime
Hiscox debuted new coverages in the U.S. designed to help companies manage liability and crime—a launch the international specialist insurer said is part of its executive liability insurance policy ...