Risk
2017 Forecast: Financial Experts Offer Cautious Optimism for P/C Insurers
Financial experts are expressing cautious optimism for the P/C industry as it heads into 2017, though they say that multiple factors will continue to pose a challenge. Perhaps one of the biggest ...
Cost of Workplace Injuries Trends Downward: Liberty Mutual
Workplace injuries and accidents that cause employees to miss six or more days of work cost U.S. employers $59.9 billion in 2014, the most recent year for which statistically valid injury data are ...
Tesla Autopilot Function Cleared in Probe of Fatal 2016 Crash
The push to bring self-driving cars to American roads got a significant boost on Thursday when the nation's chief auto safety regulator essentially cleared Tesla Motors Inc.'s Autopilot system of ...
Bankers Believe Britain Will Back Gradual Brexit Transition for Financial Sector
Top bankers are confident that British Prime Minister Theresa May's government will support a transition period of several years for the financial sector to cope with Britain's exit from the European ...
Uber Agrees to Fork Over $20M to Settle FTC Suit Over Driver Pay
Uber Technologies Inc. agreed to pay $20 million to settle a U.S. Federal Trade Commission lawsuit over driver compensation claims and its auto leasing program. The FTC sued the San Francisco-based ...
AIG Signs $9.8B Reinsurance Agreement With Berkshire Hathaway Unit
American International Group partnered with Berkshire Hathaway's National Indemnity Company on a new $9.8 billion reinsurance agreement that covers a large chunk of prior AIG's U.S. Commercial ...
Higher Catastrophe Losses Push Private U.S. P/C Insurers Into the Red
For private U.S. property/casualty insurers, the first nine months of 2016 were markedly worse than the same period in 2015, due to higher catastrophe losses and less favorable reserve development. ...
OneBeacon Is Reportedly Soliciting Offers From Rival Insurers
OneBeacon Insurance Group Ltd., the specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, people familiar with the matter said. The Bermuda-based company recently ...