Underwriting
Tokio Marine, a Metromile Investor, Licenses Its AI Claims Platform Tech
Tokio Marine Holdings, the Japanese insurance giant, is the first carrier to license Metromile's artificial intelligence-driven automated claims processing platform. The deal, announced Aug. 7, comes ...
Historic California Wildfires at Serious Risk of Spreading Further
Dry, hot and windy conditions are threatening to expand California's largest wildfires, which so far are burning in largely rural areas. The fires, which have killed 12 people and burned an area ...
Chipmaker for iPhones Briefly Shut Several Plants After WannaCry Variant Attack
Taiwan Semiconductor Manufacturing Co. blamed a variant of the 2017 WannaCry ransomware for the unprecedented shutdown of several plants, as it ramps up chipmaking for Apple Inc.'s next iPhones. Full ...
Brexit Negotiations at Delicate Stage for the UK’s Financial Services Industry
Britain must avoid tying Brussels up in red tape or antagonizing its soon to be former European Union partners and the United States if it is to maintain access to the bloc's financial services ...
U.S. Workers Comp’s Stellar Run Extended Into 2017. Can It Continue?
After three banner years, the U.S. workers compensation market will facing increasing pricing pressure and an erosion in results heading into next year. That means 2019 will be closer to a break-even ...
Once Again, Dust From Africa Helps Tamp Down Atlantic Hurricane Risks
Atlantic storm watchers are going to have a hard time seeing the ocean, never mind any tropical systems, as another Saharan swirl of dust from Africa is moving west. The dust, a marker for dry air, ...
Allergan Sues Pfizer Over Potential Opioid Lawsuit Damages
Allergan Plc sued Pfizer Inc. to cover any potential damages that the drugmaker might be forced to pay as a result of the hundreds of lawsuits it faces over its alleged role in the opioid crisis. ...
Wait Before You Ask About AIG’s Next M&A Target
Now that American International Group has finally closed its $5.6 billion acquisition of Validus Holdings, an unspoken question has been: What's the next acquisition target? The issue came up during ...