Risk
Wind and Hail Fuel Allstate’s April Catastrophe Costs
Allstate Corp. reported low catastrophe losses in the 2015 first quarter, but preliminary April results showed some subsequent uptick. The nation's largest publicly traded personal lines insurer ...
Travelers: Cyber Threats, Medical Costs, Legal Issues Top Business Concerns
Cyber risks, medical cost inflation and legal liability are among the top concerns for American businesses of all sizes, according to results from the 2015 Travelers Business Risk Index. There is ...
PartnerRe Seeks Direct Meeting With EXOR About Possible Acquisition Deal
Bermuda-based reinsurer PartnerRe, after weeks of resistance, has decided to meet with EXOR to determine whether the Italian investment firm will sweeten its $6.8 billion bid for the company. Even ...
Amtrak Already Faces Multiple Lawsuits in Philly Derailment
Six passengers on an Amtrak train that derailed May 12 in Philadelphia, killing eight and injuring more than 200, sued the railroad claiming the accident could have been avoided. The first of the ...
AIG Snatches Up ING Benefits Network to Boost Multinational Business
American International Group Inc. has acquired ING Employee Benefits Global Network to expand business with multinational clients. AIG purchased a controlling stake in the network, which includes ...
Takata U.S. Air Bag Recall Doubles to 34 Million, Making (Sobering) History
]Air-bag maker Takata Corp. gave in to U.S. regulators on Tuesday, agreeing to what will be the largest automotive recall in history as investigators continue to search for the root cause of a defect ...
More Folks are Tweeting, Texting and Taking Pictures While Driving: AT&T Survey
We've all seen individuals texting while driving. But the different types of risks people take with their smartphones while on the road are more widespread than some people realize. A new AT&T ...
Chubb Adds Fireman’s Fund Vets to Boost Capacity for Wealthy Clients
Chubb Corp., the insurer of high-end homes and mega-yachts, rehired Jennifer Celmer and added two of her colleagues from Fireman's Fund to bolster the unit selling coverage to wealthy individuals. ...