Underwriting
AIG Closes $5.6B Validus Acquisition; Q2 Earnings Out on Aug. 2
When American International Group reports its 2018 second-quarter financial results on Aug. 2, it will be the proud new owner of Validus Holdings. AIG disclosed on July 18 that it has closed a $5.6 ...
MGM Resorts Sues Victims of Vegas Mass Shooting to Try and Limit Liability
MGM Resorts International sued the victims of a Las Vegas music festival mass shooting in an effort to block any potential compensation claims against it. The owner of the Mandalay Bay hotel claims a ...
Cyber Attacks on Healthcare Providers Are on the Rise
Health-care providers and government agencies across the U.S. have seen an increase in cybersecurity breaches in recent months, exposing sensitive data from hundreds of thousands of people as the ...
Ford Will Fork Over $299.1M to Resolve Takata Air Bag Consumer Claims
Ford Motor Co. has agreed to pay $299.1 million to settle consumers' economic-loss claims connected to Takata Corp. air-bag recalls. The settlement, filed in federal court in Miami Monday, reimburses ...
China’s Ping An Insurance Behind Launch of Hong Kong Banking Blockchain
Hong Kong's banking regulator and seven banks, including HSBC Holdings PLC and Standard Chartered PLC , on Tuesday said they will jointly launch a trade finance platform in September using blockchain ...
A Deep Dive Into Willis Re’s Cyber Modeling Tools
Willis Re's proprietary PRISM-Re cyber modeling tool considers catastrophic as well as attritional losses to portfolios of risk. It employs a two-part framework for analysis of cyber threats. The ...
U.S. Regulator Downplays Immediate Need to Regulate Self-Driving Cars
It's premature to regulate the self-driving vehicles being tested by companies such as General Motors Co. and Waymo LLC, the U.S. government's top auto safety official said. "At this point the ...
Overturning the J&J $4.7B Talc Verdict Won’t Be Easy
Johnson & Johnson has vowed to appeal a $4.7 billion verdict awarded to 22 women who claim asbestos-contaminated talc in the company's products gave them ovarian cancer by arguing the plaintiffs' ...