Underwriting
GM Accuses Fiat Chrysler of Racketeering in New Corruption Lawsuit
General Motors Co. hit Fiat Chrysler Automobiles NV with a blockbuster racketeering lawsuit, alleging a years-long bribery and corruption scheme that has sent United Auto Workers and Fiat Chrysler ...
Another Business Interruption: Mass California Power Outages Return
Power supply to about 150,000 California homes and businesses is expected to be shut off on Wednesday, in the latest precautionary outage planned by utility giant PG&E against wildfire risks ...
Aon Acquires CoverWallet, Coveting the Growing Small Biz Digital Insurance Marketplace
Aon said it has agreed to acquire InsurTech startup CoverWallet in a bid to boost its presence in the growing digital insurance market for small and medium-sized business customers. Neither side ...
The Risky Business of Insuring Shared Households
An estimated 79 million adults, or 32% of the adult population, lived in a shared household in 2017. This uptick in shared household living comes in many different types. According to recent Census ...
Claims Handling Errors Are Often the Source of Insurer Market Conduct Troubles
Mistakes by claims professionals were the most common reason for enforcement actions taken against U.S. property and casualty insurers in 2018, taking the No. 1 and No. 2 spot on a top ten list ...
CyberCube Analytics Pulls in $35M Financing, With Plans to Broaden Marketing Efforts
CyberCube Analytics, a cyber risk analytics startup focused on the insurance industry, pulled in a $35 million financing to help fuel further growth. The San Francisco-based InsurTech said it will ...
Suit Alleges Boeing Board Liability for 737 MAX Problems
A shareholder lawsuit filed on Monday accused Boeing Co's board of doing nothing to investigate the safety of the 737 MAX until the fast-selling plane suffered a second deadly crash in five months. ...
Insurers, Others Pressure Global Energy Watchdog Over Climate Change Fight
Fatih Birol, the head of the International Energy Agency (IEA), faced renewed pressure on Monday from investors and scientists concerned about climate change to overhaul the agency's projections for ...