Underwriting
Data Ownership Differences Mean EU Privacy Reg Won’t Be Copied in U.S. Anytime Soon
Beginning May 25, any company from any country that collects, stores, or transmits data on citizens of European Union countries will be subject to the EU's strict new data privacy directive known as ...
Lockton Sued by NRA Over Post-Shooting End of Carry Guard Insurance Program
The National Rifle Association is suing Lockton Cos., alleging the insurance broker breached its contract with the firearms lobbying group. Lockton administered the NRA's Carry Guard insurance ...
Most Commercial Lines Premiums Trended Upward in April: IVANS
Last month, major commercial lines insurance renewal premiums continued trending upward, with one exception: workers compensation. The line remains in negative territory for the year, according to ...
Report: Carl Icahn Sells Off AIG Stake
Billionaire investor Carl Icahn has sold his stake in AIG, Forbes reported on Monday, ending a more than two-year association with one of the largest U.S. property and casualty insurers. The activist ...
Wells Fargo Will Pay $480M to Resolve Fake-Accounts Lawsuit
Wells Fargo & Co. agreed to pay $480 million to settle a class-action lawsuit in which investors accused the bank of securities fraud related to its fake-account scandal. The settlement resolves ...
Warren Buffett Preaches Caution on Cyber Insurance Because Risks Are Unknown
Warren Buffett said he doesn't want Berkshire Hathaway Inc. being a leader on cyber insurance because neither he nor others in the industry really know the risk. "I don't think we or anybody else ...
Berkshire Hathaway’s Insurance Businesses Rebound; Accounting Change Leads to Overall Net Loss
Warren Buffett lost money but had a pretty good quarter. Berkshire Hathaway Inc on Saturday reported an unusual quarterly net loss, the result of an accounting change that Buffett had warned would ...
Brexit Talks Avoid Sensitive Topics as Work Begins on Future Setup
Talks between the U.K. and the European Union skirted around the biggest obstacles to a Brexit deal as officials settled on a list of topics to shape negotiations about the future. Negotiators didn't ...