Risk
Chubb Finalizes Bermuda Leadership Team, Renames Division
Chubb said it has rounded out the new leadership team for its Bermuda-based operations and also plans to rename the division. Both actions follow the nearly $30 billion merger of ACE Ltd. and Chubb ...
Jury Orders J&J to Pay $502M in Hip Implant Failure Patient Lawsuit
Johnson & Johnson was ordered to pay $502 million to a group of patients who accused the company of hiding flaws in its Pinnacle artificial hips that caused the devices to prematurely fail and ...
Uber Wants to Buy Self-Driving Cars: Report
Ride-hailing service Uber has sounded out car companies about placing a large order for self-driving cars, an auto industry source said on Friday. "They wanted autonomous cars," the source, who ...
A Working National Flood Insurance Bill by Fall? It’s Possible
The 2016 election season won't hamper ongoing work on renewing and reforming the U.S. government's struggling National Flood Insurance Program well before it expires in September 2017, a leading ...
PartnerRe’s $6.9B Sale to EXOR Closes; Fitch Responds with Ratings Downgrade
PartnerRe's new owner EXOR has closed its $6.9 billion acquisition of the Bermuda-based reinsurer, and Fitch Ratings quickly responded with a ratings downgrade that reflects some pessimism over the ...
VW Reportedly May Establish Two Funds to Address Emissions Scandal
Volkswagen AG is in talks with U.S. authorities to establish a national remediation fund and a separate one for California as punishment for pollution from its cars after the automaker cheated on ...
P/C Industry Groups Wary, Cautious Watching the 2016 Presidential Campaign Unfold
Property/casualty insurance lobbyists are watching the volatile 2016 U.S. presidential campaign unfold with both wariness and cautious optimism, unsure of what the future will bring with the likes of ...
Munich Re Plans New $1.1B Share Buyback; Profit Expected to Plunge
Munich Re, the world's second-biggest reinsurer, expects profit to decline this year as falling prices for its products and low interest rates weigh on investment earnings. The company plans to ...